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September 24, 2003
God makes you rich
ParaPundit points me to this interesting but uninsightfull article on the relationship between religion & wealth. Ah, the life of a sociologist....
Posted by razib at
03:24 PM
Neat! Keister is a blockhead, but as you say some of the data is interesting. This caught my eye: Jewish people stood out in a third trajectory in which people invest early in life in high-risk, high-return assets such as stocks and bonds and build wealth quickly while putting less emphasis on homeownership. About one-third of Jews followed this path, compared to no conservative Protestants, 7 percent of mainline Protestants and 4 percent of Catholics. Now, describing bonds as high-risk, high-return is stupid. But the interesting thing to me is that this is the sort of thing you might expect from a people who have historically been merchants and traders: less emphasis on land (home) ownership, more on building portable wealth. Posted by: bbartlog at September 25, 2003 07:01 AMalso, many jews live in urban areas where buying a house when you're young is kind of difficult since they are so pricey.... (i suspect north dakota lutherans have high home ownership rates) Posted by: razib at September 25, 2003 01:09 PMTrue. In fact now that I think about it the jewish population of NYC alone probably accounts for a significant portion of the variation. Posted by: bbartlog at September 26, 2003 07:33 AM |
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