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The authors analyze individual satisfaction with life as a whole and satisfaction with the personal financial situation for Israeli citizens of Jewish and Arab descent. The data set is the Israeli Social Survey (2006). They are especially interested in the impact of the religions Judaism, Islam and Christianity, where they are able to differentiate between individuals who vary in religiosity between secular and ultra - orthodox. They find a significant effect of religiosity on happiness. With respect to Jewish families it is most striking that the impact of family size on both life and financial satisfaction seems to vary with religiosity.
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