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Religiosity, Schooling and Happiness: A Case for Supplementing Traditional Schooling with Value Education

Author

Listed:
  • Mohanty, Madhu S

    (California State University, Los Angeles, USA)

Abstract

With a view to exploring alternative methods of augmenting personal happiness, the current study examines the variables that affect the two major determinants of happiness: income and positive attitude. Income, the objective determinant of happiness, is already known in the literature to depend on schooling. Following an instrumental variable approach, the current study demonstrates that more schooling by increasing income is likely to enhance an individual’s personal happiness. Following the propensity score matching approach, the current study further demonstrates that religious attendance affects positive attitude, the subjective determinant of happiness, positively. Treating religious attendance as a proxy for value education, the study recommends supplementing traditional schooling with value education to simultaneously improve income and attitude, leading to an increase in personal happiness.

Suggested Citation

  • Mohanty, Madhu S, 2015. "Religiosity, Schooling and Happiness: A Case for Supplementing Traditional Schooling with Value Education," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 50(1), pages 43-77.
    • Handle: RePEc:dse:indecr:0096
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    Citations

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    Cited by:

    1. Madhu S. Mohanty, 2019. "Role of psychological variables in the determination of the worker's wage: Further evidence from the United States," Australian Economic Papers, Wiley Blackwell, vol. 58(1), pages 54-77, March.
    2. Miao, Shuchao & Chi, Jing & Liao, Jing & Qian, Long, 2021. "How does religious belief promote farmer entrepreneurship in rural China?," Economic Modelling, Elsevier, vol. 97(C), pages 95-104.

    More about this item

    Keywords

    Income; Attitude; Religiosity; Value Education; Propensity Score Matching;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • Z18 - Other Special Topics - - Cultural Economics - - - Public Policy

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