Zusammenfassung
This paper examines the effects of reforms and religion on happiness in transition economies. Earlier literature suggests that religiosity insures happiness against various individual stressful life events. This phenomenon is well-explored in developed countries but rarely studied in post-communist countries, where religion was officially suppressed for a long period. These countries have ...
Zusammenfassung
This paper examines the effects of reforms and religion on happiness in transition economies. Earlier literature suggests that religiosity insures happiness against various individual stressful life events. This phenomenon is well-explored in developed countries but rarely studied in post-communist countries, where religion was officially suppressed for a long period. These countries have undergone considerable economic transformations over the past two decades. Using cross-sectional Life in Transition Survey data and historical data on religions, I examine if religion insures against economic reforms. The endogeneity of religion is taken into account. The findings suggest that economic reforms may have both positive and negative effects on happiness. Religiosity indeed insures happiness and perceptions of economic and political situations against economic reforms. Journal of Comparative Economics 42 (3) (2014) 804-818. Institute for East and Southeast European Studies (IOS), Landshuter Str. 4, 93047 Regensburg, Germany; CERGE-EI, A Joint Workplace of Charles University and the Economics Institute of the Academy of Sciences of the Czech Republic, Politickych veznu 7, 11121 Prague, Czech Republic; Ural Federal University, Graduate School of Economics and Management, Mira 19, 620002 Yekaterinburg, Russian Federation. (C) 2014 Association for Comparative Economic Studies Published by Elsevier Inc. All rights reserved.
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