"But further, and especially important: it may be, as has been claimed, that the greater participation of Protestants in the positions of ownership and management in modern economic life may today be understood, in part at least, simply as a result of the greater material wealth they have inherited. But there are certain other phenomena which cannot be explained in the same way. Thus, to mention only a few facts: there is a great difference discoverable in Baden, in Bavaria, in Hungary, in the type of higher education which Catholic parents, as opposed to Protestant, give their children. That the percentage of Catholics among the students and graduates of higher educational institutions in general lags behind their proportion of the total population, may, to be sure, be largely explicable in terms of inherited differences of wealth. But among the Catholic graduates themselves the percentage of those graduating from the institutions preparing, in particular, for technical studies and industrial and commercial occupations, but in general from those preparing for middle-class business life, lags still farther behind the percentage of Protestants. On the other hand, Catholics prefer the sort of training which the humanistic Gymnasium affords. That is a circumstance to which the above explanation does not apply, but which, on the contrary, is one reason why so few Catholics are engaged in capitalistic enterprise."