A growing theoretical literature emphasizes the role that leaders play in shaping beliefs and social norms. We provide empirical evidence for such 'civic leadership.' We focus on the Forty-Eighters, a group of political refugees from Germany's failed 1848 revolutions, and their role in the...

Little is known on the effects of inheritances on the working behavior of heirs. Using panel data for Germany, we find behavioral responses that amount up to a 16% reduction in working hours for inheritances of one Mio Euro. For the majority of beneficiaries labor supply effects are, however,...