The Spirit of Capitalism? Religious Doctrine,Values, and Economic Attitude Constructs

This article examines the relationship between conservative Protestant doctrine and economic policy attitudes. Building upon Weber's (1930) classic (and controversial) thesis that Calvinist thought inspired the capitalist spirit, we posit that the individualistic theology of fundamentalists, evangelicals, and charismatics often engenders political preferences for individualistic economic policies. We test this hypothesis by (1) performing a series of cross-sectional ordered probit analyses to understand the independent degree of association between doctrinal belief and economic attitudes toward taxing, spending, and the role of government, (2) creating and testing a structural equation model to assess various hypothesized paths of influence, and finally, (3) using 1994–96 NES panel data to assess the degree to which changes in an individual's doctrinal beliefs produce changes in his or her economic attitudes. Results lend substantial support to the efficacy of Weber's thesis, and point to religious belief as one exogenous agent of core political values.     

Social capital in the Japanese youth labor market: Labor market policy,schools, and norms

This paper develops the concept of institutional social capital and discusses its importance in the labor market. Institutional social capital is constituted by the resources inherent in an organization (such as a school) and thereby available to members of that organization. This is contrasted with the social capital available to individuals through their own personal networks. In the labor market context, an example of institutional social capital is the ties that schools have with employers who recruit a proportion of their new employees as they prepare to graduate. The paper examines how these ties and the norms governing the important labor market screening role played by the high school developed in post-WWII Japan. I also discuss an important positive externality – social control over students – generated by schools institutional social capital. Finally, I examine current challenges to Japanese high schools institutional social capital.