“…Thus, our first novel contribution is to demonstrate that the positive historical legacy of high-skilled groups can trump any negative effect these regions might have experienced. Related literature highlights the effects of expulsions and persecutions on social structure, labor market outcomes and education (Acemoglu et al, 2011;Becker et al, 2020;Testa, 2021;Bharadwaj et al, 2015), agricultural productivity (Bazzi et al, 2016;Bharadwaj & Mirza, 2019), population dynamics (Chaney & Hornbeck, 2016), firm performance (Huber et al, 2021), financial development (Pascali, 2016), and scientific productivity (Waldinger, 2012(Waldinger, , 2016Akbulut-Yuksel & Yuksel, 2015). We depart from this literature as we are not concerned with isolating the effects of expulsions per se.…”