Juanjuan Meng

Hedging by Giving: Spiritual Insurance and Religious Donations (conditionally accepted at JFQA)

Income shocks increase religious giving because donors use charity as a form of spiritual insurance; the paper combines bank transaction data with a large field experiment.

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Reverse Wealth Effect of Wishful-Thinking Giving

Investors with paper losses may donate more rather than less, consistent with spiritual insurance rather than a standard wealth effect of financial markets.

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