The temperature dependence of the rare-earth valence bands has been regarded as a realization of the Stoner behavior. The exchange splitting of the electronic states appears to scale as the magnetic order parameter for T , T C and to vanish at T T C . We report here a spin-resolved photoemission study on the evolution of Gd bulk bands for 0.5 # T ͞T C # 1. The spin-polarized spectral line shapes display a complex temperature dependence, which clearly contrasts with the interpretation of previous experimental results. The spin-resolved photoemission data demonstrate the inadequacy of the Stoner model to the description of magnetism in rare earths. DOI: 10.1103/PhysRevLett.88.167205 PACS numbers: 75.70.Ak, 75.25. +z, 79.60.Bm Understanding the relation between electronic and magnetic properties at finite temperatures is a central question for many branches of solid state physics. While the electronic theory accurately accounts for the ground state properties of magnetic materials, it meets only limited success in describing their finite temperature behavior, such as the magnetic phase transitions, the corresponding ordering temperatures, and critical parameters.Two simple models are usually considered to schematically describe the finite temperature behavior of the electronic structure, depending on the degree of the electron localization. The Stoner model [1] predicts that the exchange splitting of delocalized states parallels the temperature dependence of the magnetization. In this case, the exchange-split electronic subbands gradually merge together and become degenerate at the Curie temperature, T C . The spin-mixing model [2], on the other hand, describes strongly localized systems where thermal fluctuations of the local magnetic moment directions reduce the magnetization, but leave the magnitude of the local moments and the local electronic structure unchanged. Thus, the exchange splitting of the electronic states does not vary according to this model, while the characteristic spin polarization of the states is gradually lost on approaching T C .Several experimental studies have examined the finite temperature magnetism in the elemental ferromagnets. The itinerant 3d-transition metals (Fe, Co, and Ni) show an intermediate behavior. The complexity of the temperature dependent effects on the electronic structure in these systems defies any simple description [3][4][5]. Rare earths, on the other hand, provide a different and apparently simpler scenario. The magnetic moment in these systems primarily originates from the unfilled 4f subshell, which displays a simple spin-mixing behavior due to its atomiclike character. The magnetic coupling between the 4f moments occurs via the highly delocalized (5d6s)-valence states [6]. Various investigations by spin-integrated photoemission spectroscopy (PES) and inverse photoemission spectroscopy (IPES) report that the exchange splitting of the bulk valence bands vanishes at T C [7][8][9][10][11]. These experimental results have been interpreted as a first evidence for t...