14th journées Louis-André Gérard-Varet

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The Protestant Fiscal Ethic: Religious Confession and Euro Skepticism in Germany
Adrian Chadi, Matthias Krapf

Last modified: 2015-03-13


During the European sovereign debt crisis, most countries that ran into fiscaltrouble had Catholic majorities, whereas countries with Protestant majorities wereable to avoid fiscal problems. Survey data show that, within Germany, views on theeuro differ between Protestants and Non-Protestants, too. Concerns about the eurohave increased among Protestants during the crisis, and significantly reduce theirsubjective wellbeing only. We use the timing of survey interviews and news eventsin 2011 to account for the endogeneity of euro concerns. Emphasis on moral hazardconcerns in Protestant theology may, thus, still shape economic preferences.


Protestantism; euro crisis; subjective wellbeing; media coverage