Religion, Social Capital, and Business Bankruptcy in the United States, 1921-1932

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Religion, Social Capital, and Business Bankruptcy in the United States, 1921-1932

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dc.contributor.author Hansen, Bradley A.
dc.contributor.author Hansen, Mary Eschelbach
dc.date.accessioned 2009-10-23T18:20:51Z
dc.date.available 2009-10-23T18:20:51Z
dc.date.created 2008
dc.date.issued 2008
dc.identifier.uri http://hdl.handle.net/1961/5760
dc.description Department of Economics, Working Paper Series, no. 2008-15. 35 pages. en
dc.description.abstract We consider the value of social capital that derives from membership in a church. American states with larger churchgoing populations had lower business bankruptcy rates from 1921 to 1932, and states in which the churchgoing population was concentrated in few churches had business bankruptcy rates that were lower still. Both voluntary and involuntary bankruptcy were lower in states with higher church membership. The evidence suggests that church membership acted on bankruptcy through a safety net mechanism and not solely through indicating a preference for honoring commitment. en
dc.language.iso en_US en
dc.publisher Department of Economics, American University en
dc.rights Copyright © 2008 by Bradley A. Hansen and Mary Eschelbach Hansen. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. en
dc.subject.other business bankruptcy en
dc.subject.other church membership en
dc.subject.other social capital en
dc.title Religion, Social Capital, and Business Bankruptcy in the United States, 1921-1932 en
dc.type Working Paper en


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