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

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  • Suwa-Einsenmann, Akiko
  • Postel-Vinay, Gilles
  • Bourdieu, Jérôme
  • Menéndez, Marta

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 the rest of other cities. Two types of decomposition are compared: a decomposition based on scalar inequality indices and 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

Paper provided by Paris Dauphine University in its series Economics Papers from University Paris Dauphine with number 123456789/1566.

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Date of creation: 2008
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Publication status: Published in Review of Agricultural and environmental studies, 2008, Vol. 87, no. 2. pp. 5-25.Length: 20 pages
Handle: RePEc:dau:papers:123456789/1566

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Keywords: semi-parametric and non parametric methods; decomposition; Wealth distribution; Rural Areas; Urbanization; Real estate; France;

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  1. Esteban, Joan & Ray, Debraj, 1994. "On the Measurement of Polarization," Econometrica, Econometric Society, Econometric Society, vol. 62(4), pages 819-51, July.
  2. repec:ese:iserwp:2005-05 is not listed on IDEAS
  3. DiNardo, John & Fortin, Nicole M & Lemieux, Thomas, 1996. "Labor Market Institutions and the Distribution of Wages, 1973-1992: A Semiparametric Approach," Econometrica, Econometric Society, Econometric Society, vol. 64(5), pages 1001-44, September.
  4. Jenkins, Stephen P. & Van Kerm, Philippe, 2004. "Accounting for income distribution trends: A density function decomposition approach," IRISS Working Paper Series, IRISS at CEPS/INSTEAD 2004-07, IRISS at CEPS/INSTEAD.
  5. Thomas Piketty & Gilles Postel-Vinay & Jean-Laurent Rosenthal, 2005. "Wealth concentration in a developing economy : Paris and France, 1807-1994," Research Unit Working Papers, Laboratoire d'Economie Appliquee, INRA 0504, Laboratoire d'Economie Appliquee, INRA.
  6. Ravallion, M. & Datt, G., 1991. "Growth and Redistribution Components of Changes in Poverty Measures," Papers, World Bank - Living Standards Measurement 83, World Bank - Living Standards Measurement.
  7. Kakwani, Nanak, 1993. "Poverty and Economic Growth with Application to Cote d'Ivoire," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 39(2), pages 121-39, June.
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