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God as an Insurance Policy
Belinda: People all over the world spend a lot of money on religion, but there's not that much economic research on it. She says an economics paper called God ensures those who pay suggests church donations are like insurance premiums. Belinda: In places like Ghana and Nigeria, there isn't that much formal insurance that you can buy or that the government will provide for you. The idea is maybe the church is filling that gap in some way.