On Thursday, July 12, noon-14 pm, John Edwards from the University of Cambridge will be the speaker of the Research Seminar in Economics. He will present his research paper on "Did Protestantism promote prosperity via higher human capital?" at Kaminzimmer (room 202), Boltzmannstraße 20, Berlin-Dahlem.
This paper investigates the Becker-Woessmann (2009) interpretation of the Weber thesis - Protestants were more prosperous in nineteenth-century Prussia because they were more literate - and shows that it cannot be sustained. The econometric analysis on which Becker and Woessman based their argument is fundamentally flawed, because their instrumental variable does not satisfy the exclusion restriction. When an appropriate instrumental-variable specification is used, the evidence from nineteenth-century Prussia rejects the human-capital version of the Weber thesis put forward by Becker and Woessmann.
For further information about the Research Seminar in Economics and its program, please click here.
Jul 12, 2018 | 12:15 PM - 01:45 PM