Based on the argument in both economic and sociological literature that religion is conducive to their children's human capital formation, this paper provides a model of religious participation and explores a mechanism that “social capital" affects children's education, a la Coleman (1988). The model generates several interesting implications, which help explain some important stylized facts about education and religion. Further, in a dynamic setting, the model shows that there exists a steady state, in which individuals allocate a positive amount of time and resources to religious activities. Thus, it complements the existing literature 'to explain why seemingly unproductive religions can be everlasting.
Fan, C. S. (2006). Religious participation and children's education: A social capital approach (CPPS Working Paper Series No.166). Retrieved from Lingnan University website: http://commons.ln.edu.hk/cppswp/77/