Inequality of Wealth in the Ottoman Empire: War, Weather, and Long-Term Trends in Eighteenth-Century Kastamonu
AbstractThis article offers a quantitative analysis of wealth inequality in the Ottoman Empire, employing data from probate inventories (terekes) of eighteenth-century Kastamonu, a town located in northern Anatolia. Extracting information on the wealth levels and personal characteristics of individuals, we estimate aggregate measures of wealth inequality, namely the Gini Coefficient, the coefficient of variation, and the wealth shares of the wealthiest 10 and 25 percents of population. We use regression analysis to identify the time trend of wealth inequality and determine how warfare, significant weather events, macroeconomic variables, and shifts in population characteristics affected it. JEL Classification: D3, D6, E3, E6, I3, J1, N3, N9, O53 Key words: Wealth, Inequality, War, Weather, Ottoman Empire
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Bibliographic InfoArticle provided by Cambridge University Press in its journal The Journal of Economic History.
Volume (Year): 72 (2012)
Issue (Month): 02 (June)
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Other versions of this item:
- Metin M. Cosgel & Bogac A. Ergene, 2011. "Inequality of Wealth in the Ottoman Empire: War, Weather, and Long-term Trends in Eighteenth Century Kastamonu," Working papers 2011-29, University of Connecticut, Department of Economics.
- D3 - Microeconomics - - Distribution
- D6 - Microeconomics - - Welfare Economics
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
- J1 - Labor and Demographic Economics - - Demographic Economics
- N - Economic History
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