‘And forgive us our debts’: Christian moralities and over‐indebtedness
研究天主教和新教的道德与规则差异如何影响家庭过度负债，发现天主教地区过度负债率更低，归因于其宽恕文化和新教的严格规则执行。
Abstract This paper analyzes whether Christian moralities and rules formed differently by Catholics and Protestants impact the likelihood of households becoming over‐indebted. We find that over‐indebtedness is lower in regions in which Catholics outweigh Protestants, indicating that Catholics' forgiveness culture and stricter enforcement of rules by Protestants serve as explanations for our results. Our results provide evidence that religion affects the financial situations of individuals and show that even 500 years after the split between Catholics and Protestants, the differences in the mindsets of both denominations play an important role in situations of severe financial conditions.