![]() ![]() ![]() Weber suggested that Protestantism has led to an “accumulation of capital through ascetic compulsion to save” (Weber 1905: 191). We first revisit the evidence on the effect of Protestantism on saving behaviour. But there were huge differences between Germans and ethnic minorities, notably Poles. Protestants were in fact neither thriftier nor more literate than Catholics. ![]() We show that the empirical literature has largely missed the context in which Weber was writing, notably the relationship between religious and ethnic differences in Germany before 1914. 2020), we revisit Weber’s famous hypothesis and the evidence for it in 19th-century Germany. One hundred years later, sociologists and economists still debate this question in historical or contemporary settings (see Becker and Woessmann 2009, Cantoni 2015, Bai and Kung 2015, Spenkuch 2017, Alaoui and Sandroni 2018, among many others). ![]() Are Protestants thriftier or more literate than people of other beliefs, or not? Weber (1904, 1905) famously hypothesised that the Protestant work ethic fostered modern economic development through an “ascetic compulsion to save”. ![]()
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