God insures those who pay?Formal insurance and religious offerings in Ghana

Auriol, Emmanuelle, Lassebie, Julie, Panin, Amma, Raiber, Eva and Seabright, Paul (2017) God insures those who pay?Formal insurance and religious offerings in Ghana. TSE Working Paper, n. 17-831, Toulouse

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Official URL: http://tse-fr.eu/pub/31915


This paper presents experimental evidence exploring how insurance might be a motive for religious donations by members of a Pentecostal church in Ghana. We ran- domize enrollment into a commercially available funeral insurance policy and let church members allocate money between themselves and a set of religious goods in a series of dictator games with significant stakes. Members enrolled in insurance give significantly less money to their own churches. At the same time, enrollment in insurance reduces giving towards other spiritual goods. We set up a model exploring different channels of religious based insurance. The implications of the model and the results of the dictator games suggest that adherents perceive the church as a source of insurance and that this insurance is derived from beliefs in an interventionist God. Survey results suggest that community-based material insurance is also important and we hypothesize that these two insurance channels exist in parallel.

Item Type: Monograph (Working Paper)
Language: English
Date: July 2017
Place of Publication: Toulouse
Uncontrolled Keywords: economics of religion, informal insurance, charitable giving
JEL codes: D14 - Personal Finance
G22 - Insurance; Insurance Companies
O12 - Microeconomic Analyses of Economic Development
O17 - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements - Legal, Social, Economic, and Political
Divisions: TSE-R (Toulouse)
Institution: Université Toulouse 1 Capitole
Site: UT1
Date Deposited: 16 Apr 2018 15:15
Last Modified: 16 Apr 2018 15:15
OAI ID: oai:tse-fr.eu:31915
URI: http://publications.ut-capitole.fr/id/eprint/25642

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