ecn410final_waterswiltbank
TRANSCRIPT
WILL PRAY FOR WORK:HOW THE ECONOMY AFFECTS RELIGIOUS ACTIVITY
Nathan Waters & James Wiltbank
O U R D A T A • Panel Data• Variables
• Year: the year (2003 – 2013)• Statefip: 50 states & District of Columbia• Relact*: Minutes per day spent on religious
activities• Unem: State unemployment rate (%) for
corresponding year• Gdpgrowth: Percentage change in state GDP
from previous year
*Religious and spiritual activities. Religious activities include those normally associated with membership in or identification with specific religions or denominations, such as attending religious services; participating in choirs, youth groups, orchestras, or unpaid teaching (unless identified as volunteer activities); and engaging in personal religious practices, such as praying.
O U R M O D E L
(relactt) = β0 – β1(gdpgrowtht) + β2(unemt) + ei
• Considered:
Log Variables
Lag Variables
Detrend
(relactt) = 9.5918 + .0318(gdpgrowtht) + .4648(unemt) + ei
O U R R E S U L T S
• Unem: For every 1% increase in the unemployment rate; Time spent on religious activities increases by .46 minutes/day holding all else constant
• GDPgrowth: For every 1% of growth in GDP from the previous year; Time spent on religious activities increases by .03 minutes/day holding all else constant
• P>|t| 0.764 > 0.05• Not significant at the 95% level
D I A G N O S T I C T E S T S
D I A G N O S T I C T E S T S C O N T .
-10
010
2030
Res
idua
ls
0 10 20 30 40(mean) relact