000			01338nam a22001457a 4500
999			_c521845 _d521845
008			230228b ||||| |||| 00| 0 eng d
100			_aMontero, Eduardo and Yang, Dean _937767
245			_aReligious festivals and economic development: Evidence from the timing of Mexican saint day festivals
260			_aThe American Economic Review
300			_a112(10), Oct, 2022: p.3176-3214
520			_aDoes variation in how religious festivals are celebrated have economic consequences? We study the economic impacts of the timing of Catholic patron saint day festivals in Mexico. For causal identification, we exploit cross-locality variation in festival dates and in the timing of agricultural seasons. We estimate the impact of "agriculturally coinciding" festivals (those coinciding with peak planting or harvest months) on long-run economic development of localities. Agriculturally coinciding festivals lead to lower household income and worse development outcomes overall. These negative effects are likely due to lower agricultural productivity, which inhibits structural transformation out of agriculture. Agriculturally coinciding festivals may nonetheless persist because they also lead to higher religiosity and social capital.- Reproduced
773			_aThe American Economic Review
906			_aECONOMICS
942			_cAR