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Where have (almost) all the wealthy gone? Spatial decomposition of wealth trends in France, 1820-1939

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Author Info

  • Jérôme Bourdieu

    (Paris School of Economics, INRA, Paris)

  • Marta Menéndez

    () (Université Paris-Dauphine, Paris et Paris School of Economics, INRA)

  • Gilles Postel-Vinay

    (Paris School of Economics, INRA et EHESS, Paris)

  • Akiko Suwa-Eisenmann

    (Paris School of Economics, INRA, Paris)

Abstract

This paper examines the evolution of wealth distribution in France during the urbanization process of the nineteenth century, based on a comprehensive dataset of individual inheritances. It presents a spatial decomposition between rural and urban areas, distinguishing Paris from other cities. We use a non-parametric approach based on wealth density functions. Changes in the level of wealth explained most of the spatial evolution of wealth during 1820-1939; at the turn of the century however, the effect of urbanization on wealth distribution increased gradually.

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Bibliographic Info

Article provided by INRA Department of Economics in its journal Review of Agricultural and Environmental Studies.

Volume (Year): 87 (2008)
Issue (Month): 2 ()
Pages: 5-25
Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Handle: RePEc:rae:jourae:v:87:y:2008:i:2:p:5-25

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Keywords: wealth distribution; decomposition; semi-parametric and nonparametric methods;

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  1. repec:ese:iserwp:2004-05 is not listed on IDEAS
  2. repec:ese:iserwp:2005-05 is not listed on IDEAS
  3. Dinardo, J. & Fortin, N.M. & Lemieux, T., 1994. "Labor Market Institutions and the Distribution of Wages, 1973-1992: A Semiparametric Approach," Cahiers de recherche 9406, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
  4. Stephen Jenkins & Philippe Kerm, 2005. "Accounting for income distribution trends: A density function decomposition approach," Journal of Economic Inequality, Springer, vol. 3(1), pages 43-61, April.
  5. Esteban, J. & Ray, D., 1993. "On the Measurement of Polarization," UFAE and IAE Working Papers 221.93, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  6. Piketty, Thomas & Postel-Vinay, Gilles & Rosenthal, Jean Laurent, 2004. "Wealth Concentration in a Developing Economy: Paris and France, 1807-1994," CEPR Discussion Papers 4631, C.E.P.R. Discussion Papers.
  7. Ravallion, M. & Datt, G., 1991. "Growth and Redistribution Components of Changes in Poverty Measures," Papers 83, World Bank - Living Standards Measurement.
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