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Religion in Happiness Economics

Student: Ganin Artem

Supervisor: Andrey Aistov

Faculty: Faculty of Economics

Educational Programme: Economics (Master)

Year of Graduation: 2019

This study presents a comprehensive theoretical and empirical analysis of different aspects of internal and external religiosity that may influence the level of life satisfaction. Special attention is paid to the existence of religious social networks which play a leading role in the realization of the influence of religion on life satisfaction. For the evaluation of these factors two key econometric model were identified: an ordered logit model with 9 specifications and two fixed effects models: BUC and CLE. The results of the model evaluation showed the need of separating religious social resources from general social resources and confirmed the existence of a mechanism through which religion has a direct impact on life satisfaction. In addition, the minimum values of explanatory variables necessary for the transition of the dependent variable through the cut-offs to a higher category were obtained.

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