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7 - Notable Achievement

Published online by Cambridge University Press:  05 June 2012

Lisa A. Keister
Affiliation:
Duke University, North Carolina
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Summary

Just as wealth mobility (Chapter 6) provides important clues about the financial strategies and processes that account for wealth ownership, so does consistent achievement. The findings that I report throughout this book – and other available research – show that Mainline Protestants, Jews, and Mormons/LDS in the United States have achieved high levels of financial success that are worth additional attention. As I have mentioned briefly, Mainline Protestants have historically had high SES and have occupied positions of power in the United States. A historic advantage certainly contributes to their current well-being, but I explore how and why these denominations have maintained their advantage. There is also evidence that Jews have attained notably high levels of well-being; this achievement has become evident in the results I present throughout this book, and these are consistent with the small number of other empirical works that have explored the contributing factors (Burstein 2007; Chiswick 1986, 1993; Lehrer 2009). It appears that human-capital acquisition, family behaviors and processes, and other issues related to ethno-religious particularity, marginality, and social capital contribute to Jewish achievement. Educational attainment is high among Jews, fertility rates are low, rates of female employment when children are young are low, and wealth appears to follow. I explore the magnitude of the Jewish advantage and address some of the possible explanations for the achievement of this group.

Type
Chapter
Information
Faith and Money
How Religion Contributes to Wealth and Poverty
, pp. 163 - 188
Publisher: Cambridge University Press
Print publication year: 2011

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  • Notable Achievement
  • Lisa A. Keister, Duke University, North Carolina
  • Book: Faith and Money
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9781139028547.007
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  • Notable Achievement
  • Lisa A. Keister, Duke University, North Carolina
  • Book: Faith and Money
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9781139028547.007
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Notable Achievement
  • Lisa A. Keister, Duke University, North Carolina
  • Book: Faith and Money
  • Online publication: 05 June 2012
  • Chapter DOI: https://doi.org/10.1017/CBO9781139028547.007
Available formats
×