Cantoni, Davide; Dittmar, Jeremiah; Yuchtman, Noam - 2016
The Protestant Reformation, beginning in 1517, was a first-order economic shock. We document its effects on the … sectoral allocation of economic activity in Germany using highly disaggregated data. During the Reformation, particularly in … secular construction increased. These findings highlight the unintended consequences of the Reformation - a religious movement …