Effect of religion on the risk behaviour of rural Ghanaian women: evidence from a controlled field experiment

Emmanuel Ayifah, Aylit Tina Romm, Umakrishnan Kollamparambil and Stephen A. Vosti

Review of Social Economy, 2022, vol. 80, issue 2, 138-171

Abstract: Religious doctrines may guide individual attitudes and preferences, including risk behaviour among others. We estimate the effect of religion on the willingness to take risk amongst 1209 rural women in Ghana, and observe that, whereas religious affiliation influences the decision to engage in risk, it does not in any way influence the level of risk taking thereafter. Specifically, we find that relative to the non-religious, religious affiliation of a woman influences her willingness to engage in risk negatively; however, we find very little difference in such willingness to engage in risk between the different religious groups.

Date: 2022
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DOI: 10.1080/00346764.2020.1725831

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