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Famine And Wealth Inequality

Author

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  • Sur, Pramod Kumar
  • Sasaki, Masaru

Abstract

Discussions around the growing difference in wealth, as well as its distribution, has gained prominent attention recently. What are the possible causes that could potentially contribute to the difference in wealth and its distribution? In this paper, we propose a novel reason, i.e., famine. We combine contemporary individual-level wealth data with historical data on famine severity in China and show that exposure to famine has a negative effect on the wealth of individuals born during this period. We further pursue a number of strategies to determine whether the relation we uncover is, in fact, causal.

Suggested Citation

  • Sur, Pramod Kumar & Sasaki, Masaru, 2020. "Famine And Wealth Inequality," AGI Working Paper Series 2020-07, Asian Growth Research Institute.
  • Handle: RePEc:agi:wpaper:00000173
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    More about this item

    Keywords

    Wealth Distribution; Inequality; Famine; China; D31; O15; N35;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • N35 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Asia including Middle East

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