Economics at your fingertips  

Religiosity, Schooling and Happiness: A Case for Supplementing Traditional Schooling with Value Education

Madhu S Mohanty
Additional contact information
Madhu S Mohanty: California State University, Los Angeles, USA

Indian Economic Review, 2015, vol. 50, issue 1, 43-77

Abstract: With a view to exploring alternative methods of augmenting personal happiness, the current study examines the variables that affect the two major determinants of happiness: income and positive attitude. Income, the objective determinant of happiness, is already known in the literature to depend on schooling. Following an instrumental variable approach, the current study demonstrates that more schooling by increasing income is likely to enhance an individual’s personal happiness. Following the propensity score matching approach, the current study further demonstrates that religious attendance affects positive attitude, the subjective determinant of happiness, positively. Treating religious attendance as a proxy for value education, the study recommends supplementing traditional schooling with value education to simultaneously improve income and attitude, leading to an increase in personal happiness.

Keywords: Income; Attitude; Religiosity; Value Education; Propensity Score Matching (search for similar items in EconPapers)
JEL-codes: A12 A13 A14 Z13 Z18 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

Indian Economic Review is currently edited by Pami Dua (Editor) & Ram Singh (Associate Editor) and Sunil Kanwar

More articles in Indian Economic Review from Department of Economics, Delhi School of Economics University of Delhi, Delhi 110 007. Contact information at EDIRC.
Bibliographic data for series maintained by Pami Dua ().

Page updated 2019-03-16
Handle: RePEc:dse:indecr:0096