The Protestant Fiscal Ethic: Religious Confession and Euro Skepticism in Germany

Matthias Krapf and Adrian Chadi

VfS Annual Conference 2015 (Muenster): Economic Development - Theory and Policy from Verein für Socialpolitik / German Economic Association

Abstract: During the European sovereign debt crisis, most countries that ran into fiscal trouble had Catholic majorities, whereas countries with Protestant majorities were able to avoid fiscal problems. Survey data show that, within Germany, views on the euro crisis differ between Protestants and Non-Protestants, too. Concerns about the euro crisis have increased among Protestants during the crisis, and significantly reduce their subjective wellbeing only. We use the timing of survey interviews and news events in 2011 to account for the endogeneity of euro concerns. Emphasis on moral hazard concerns in Protestant theology may, thus, still shape economic preferences.

JEL-codes: E00 I31 Z10 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-hap and nep-mac
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: THE PROTESTANT FISCAL ETHIC: RELIGIOUS CONFESSION AND EURO SKEPTICISM IN GERMANY (2017)
Working Paper: The Protestant Fiscal Ethic: Religious Confession and Euro Skepticism in Germany (2015)
Working Paper: The Protestant Fiscal Ethic:Religious Confession and Euro Skepticism in Germany (2015)
Working Paper: The Protestant Fiscal Ethic: Religious Confession and Euro Skepticism in Germany (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:vfsc15:112833

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