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This study was designed to statistically analyze the correlation between religion and income. Religious expenditure was shown to vary with the characteristics of households. In the first step, it was presented that the religious expenditure varied the characteristics of households. The older and the higher educated households were, the more they expended. The most interesting result of our analysis pertained to the coefficient of real income. For all the households, we obtained a positive coefficient of beta, which means that religion may be a luxurious good. For households with religious expenditure, however, we gained a negative coefficient of beta, which means that religion may be a necessity. This may imply that religious expenditure is of obligation to households with religion. The income elasticity for all the households was estimated to be 2.04, i.e., considerably elastic; for households with religion, the income elasticity was estimated to be 0.80, i.e., inelastic.