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Investigating the Effect of Household Budget Shocks on Household Religious Expenditures
, M.Sc. Thesis Sharif University of Technology ; Rahmati, Mohammad Hossein (Supervisor)
Abstract
In Islam, a solar eclipse is considered a significant event and a sign of the power of Allah (God). During a solar eclipse, Muslims are encouraged to perform a specific prayer. In addition, it symbolizes and reminds believers of the Day of Judgment. The solar eclipse is an exogenous and predictable event with no daily life consequences. Therefore, the only channel that may affect religious spending is a spiritual reference to God. We find that a total solar eclipse within a past quarter significantly increases the likelihood of religious contributions by 2.44 percent, mainly driven by making vows and donating to holy shrines. It also increases the donation sizes and its share in total...