Journal of Economic Perspectives: Vol. 20 No. 2 (Spring 2006)


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Religion and Economy

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McCleary, Rachel M., and Robert J. Barro. 2006. "Religion and Economy." Journal of Economic Perspectives, 20(2): 49-72.

DOI: 10.1257/jep.20.2.49


Religion has a two-way interaction with political economy. With religion viewed as a dependent variable, a central question is how economic development and political institutions affect religious participation and beliefs. With religion viewed as an independent variable, a key issue is how religiosity affects individual characteristics, such as work ethic, honesty, and thrift, and thereby influences economic performance. In this paper, we sketch previous studies of this two-way interaction but focus on our ongoing quantitative research with international data.

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McCleary, Rachel M.
Barro, Robert J.


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