Why do religious minorities respond in different ways to economic development? We develop a model of religious organizations based on a historical case study of Jewish emancipation in nineteenth century Europe. In Germany, a liberal Reform movement developed in response to emancipation, while...

This study investigates the sources of heterogeneity across a worldwide set of countries. Unspecified ex ante and unanticipated cultural (Protestant versus Catholic), geographical (continents), and institutional (OECD versus non-OECD) clubs emerge endogenously and naturally as homogeneous...