JOURNAL ARTICLE

'And forgive us our debts': Christian moralities and over‐indebtedness.

  • Published In: Journal of Financial Research, 2025, v. 48, n. 3. P. 1013 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Hasan, Iftekhar; Noth, Felix; Kiesel, Konstantin 3 of 3

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. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:Journal of Financial Research. 2025/09, Vol. 48, Issue 3, p1013
  • Document Type:Article
  • Subject Area:Religion and Philosophy
  • Publication Date:2025
  • ISSN:0270-2592
  • DOI:10.1111/jfir.12436
  • Accession Number:187725636
  • Copyright Statement:Copyright of Journal of Financial Research is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.