Effect of Catholic and Protestant values at both the national and regional levels.

Effect of Catholic and Protestant values at both the national and regional levels.

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Popular media and politicians have often blamed the high public debt of some EU countries on cultural differences. These claims are most apparent in the discourse contrasting ostensibly prudent Northern Europeans with spendthrift Southern Europeans. Despite the prominence of these and similar narratives and evidence that culture plays a nontrivial...

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... Figure 4, we present the correlation between debt attitudes and Catholic and Protestant observance. Again, our measures indicate the proportion of Catholics and Protestants living in the respondent's country or region and not the actual religion of those respondents. ...

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