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 InfoPaper provided by University of Connecticut, Department of Economics in its series Working papers with number 2011-29.
Length: 39 pages
Date of creation: Dec 2011
Date of revision:
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Other versions of this item:
- Coşgel, Metin M. & Ergene, Boğaç A., 2012. "Inequality of Wealth in the Ottoman Empire: War, Weather, and Long-Term Trends in Eighteenth-Century Kastamonu," The Journal of Economic History, Cambridge University Press, vol. 72(02), pages 308-331, June.
- 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 and Poverty
- J1 - Labor and Demographic Economics - - Demographic Economics
- N - Economic History
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-20 (All new papers)
- NEP-DEM-2012-02-20 (Demographic Economics)
- NEP-HIS-2012-02-20 (Business, Economic & Financial History)
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