| Abstract: | The farm crisis in the United States in the 1980s had profound effects on rural, agricultural regions of the country, but almost no impact on urban and suburban areas. At the same time, the 2007–2008 housing crisis impacted almost all metropolitan areas, but was much more deeply felt in certain states, such as California, Arizona, Nevada, and Florida. I use a difference‐in‐differences methodology and find that religiosity as measured by religious attendance, prayer frequency, and religious intensity increased significantly in areas impacted by the farm crisis for those who worked in agriculture, and by the housing crisis for those who worked in housing‐related industries. Chen describes increased religiosity in Indonesia following the 1998 financial crisis, and this article demonstrates a similar response to severe financial distress in the United States. This increase is not due to a lower opportunity cost of time, as those who are currently employed have higher levels of attendance than those who are not. I hypothesize that the increased religiosity results from religious institutions’ ability to provide public goods, both financial and emotional, in the form of community support. |
