FAITH & ECONOMICS
Abstract: This study examines the returns to education for the three major Christian affiliations in the United States—mainline protestants, conservative protestants, and catholics—using data for non-Hispanic whites from the 2005 Panel Study of Income Dynamics. The returns to education are examined at the mean with ordinary least squares and along the wage rate distribution using quantile regressions. At the mean women generally have higher returns to education than men do. However, along the wage rate distribution, different patterns of the returns to education are observed among religious and gender groups. Mainline protestant women have higher returns to education than their male counterparts at low wages, but similar returns to education at high wages. Conservative protestant women have fairly uniform returns to schooling throughout the wage distribution that are also higher than the returns to schooling for conservative protestant men across the wage distribution. In contrast, the rates of return to schooling for Catholic women and men are generally similar along the wage distribution, except at the highest two deciles where women have higher rates of return to schooling. In addition, older conservative protestant men have lower returns to education than their younger counterparts do.
Is There a Moral Case for Globalization?
Steven R. Weisman
Against Market Complicity
John P. Tiemstra
Abstract: The doctrine of market complicity holds that entering into a trading relationship causes each party to take on some moral responsibility for the other parties’ actions. For example, consumers who buy goods made in sweatshops are guilty of abusing workers, and employers are guilty if their employees use their health insurance to terminate a pregnancy. I argue that this is not the case. The market nexus does not cause us to take on moral responsibility for decisions we are not empowered to make. Vendors should not discriminate against buyers with different religious or moral views, and employers should not try to constrain their employees’ personal moral choices. Consumer boycotts are unlikely to be effective unless they make political demands.
Men Without Work: America’s Invisible Crisis
Reviewed by Lance Wescher
Reviewed by Luke Petach
Pope Francis and the Caring Society
Robert Whaples (editor)
Reviewed by Karla Borja