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UID:b6fa0ae5-afde-4b74-8e26-e52979d8c9fa@nexttoyou
DTSTAMP:20261106T164911Z
DTSTART:20261112T200000Z
DTEND:20261112T211500Z
SUMMARY:Jeanet Sinding Bentzen — Risky Business? Religiosity and Risk-Taki
 ng in Full-Population Danish Data
DESCRIPTION:Why do individuals differ so persistently in their willingness
  to take economic risks? This paper investigates whether religiosity\, pa
 rticularly the intensity of religious belief\, and helps explain this var
 iation. The research considers two competing theoretical predictions: rel
 igious teachings discourage immoral and unlawful behavior\, while the rel
 igious coping literature suggests that belief in a benevolent God reduces
  background anxiety and effectively provides psychological insurance. Usi
 ng Danish administrative data covering the full population over three dec
 ades\, together with a novel naming-based measure of individual religiosi
 ty\, the paper finds that more religious individuals are significantly mo
 re likely to be self-employed and to hold a larger share of their assets 
 in stocks. These effects are economically meaningful\, corresponding to r
 oughly a quarter of the wealth effect on economic risk-taking. The findin
 gs also remain significant when comparing individuals within sibling grou
 ps\, which absorbs family-level confounders. The research further finds t
 hat these same individuals are less likely to be charged with a criminal 
 offence. This pattern of opposite effects across different types of risk 
 is consistent with the idea that religiosity reduces perceived background
  risk through a psychological insurance channel\, while simultaneously in
 creasing the perceived cost of behaviours condemned by religious teaching
 s. Overall\, the paper suggests that religiosity helps expla\n\nhttp://ne
 xt-to-u.app/events/b6fa0ae5-afde-4b74-8e26-e52979d8c9fa
URL:http://next-to-u.app/events/b6fa0ae5-afde-4b74-8e26-e52979d8c9fa
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