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

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

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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Suggested Citation

  • Bourdieu, Jérôme & Menéndez, Marta & Postel-Vinay, Gilles & Suwa-Eisenmann, Akiko, 2008. "Where have (almost) all the wealthy gone? Spatial decomposition of wealth trends in France, 1820-1939," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement (RAEStud), Institut National de la Recherche Agronomique (INRA), vol. 87(2).
  • Handle: RePEc:ags:frraes:188538
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    File URL: http://ageconsearch.umn.edu/record/188538/files/87-2-5-25.pdf
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    References listed on IDEAS

    as
    1. Stephen Jenkins & Philippe Kerm, 2005. "Accounting for income distribution trends: A density function decomposition approach," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 3(1), pages 43-61, April.
    2. Jenkins, Stephen P. & Jantti, Markus, 2005. "Methods for summarizing and comparing wealth distributions," ISER Working Paper Series 2005-05, Institute for Social and Economic Research.
    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, vol. 64(5), pages 1001-1044, September.
    4. Jérôme Bourdieu & Gilles Postel-Vinay & Akiko Suwa-Eisenmann, 2004. "Défense et illustration de l'enquête des 3000 familles : l'exemple de son volet patrimonial," Research Unit Working Papers 0407, Laboratoire d'Economie Appliquee, INRA.
    5. repec:fth:geneec:94.02 is not listed on IDEAS
    6. Esteban, Joan & Ray, Debraj, 1994. "On the Measurement of Polarization," Econometrica, Econometric Society, vol. 62(4), pages 819-851, July.
    7. Thomas Piketty & Gilles Postel-Vinay & Jean-Laurent Rosenthal, 2006. "Wealth Concentration in a Developing Economy: Paris and France, 1807–1994," American Economic Review, American Economic Association, vol. 96(1), pages 236-256, March.
    8. Henri Pirenne, 1927. "Les villes du Moyen Age: essai d'histoire économique et sociale," ULB Institutional Repository 2013/11048, ULB -- Universite Libre de Bruxelles.
    9. Bourdieu Jerome & Postel-Vinay Gilles & Suwa-Eisenmann Akiko, 2003. "Pourquoi la richesse ne s'est-elle pas diffusée avec la croissance ? Le degré zéro de l'inégalité et son évolution en France : 1800-1940," Research Unit Working Papers 0304, Laboratoire d'Economie Appliquee, INRA.
    10. 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 121-139, June.
    11. Ravallion, M. & Datt, G., 1991. "Growth and Redistribution Components of Changes in Poverty Measures," Papers 83, World Bank - Living Standards Measurement.
    12. Datt, Gaurav & Ravallion, Martin, 1992. "Growth and redistribution components of changes in poverty measures : A decomposition with applications to Brazil and India in the 1980s," Journal of Development Economics, Elsevier, vol. 38(2), pages 275-295, April.
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    Keywords

    Community/Rural/Urban Development;

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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