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Intergenerational Wealth Mobility in France, 19th and 20th Century

Author

Listed:
  • Jérôme Bourdieu
  • Lionel Kesztenbaum
  • Gilles Postel‐Vinay
  • Akiko Suwa‐Eisenmann

Abstract

This paper examines intergenerational wealth mobility between fathers and children in France between 1848 and 1960. Considering wealth mobility in the long run requires taking into account not only positional mobility (that is, how families move within a given distribution of wealth), but also structural mobility induced by changes in the distribution of wealth. Such changes are related to two structural phenomena: in the nineteenth century, the rising number of individuals leaving no estate at death and, after World War I, the decline in the number of the very rich who could live off their wealth. The paper studies the movements between these groups and estimates the intergenerational elasticity of wealth, taking into account the persistence at the bottom and at the top.

Suggested Citation

  • Jérôme Bourdieu & Lionel Kesztenbaum & Gilles Postel‐Vinay & Akiko Suwa‐Eisenmann, 2019. "Intergenerational Wealth Mobility in France, 19th and 20th Century," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 65(1), pages 21-47, March.
    • Handle: RePEc:bla:revinw:v:65:y:2019:i:1:p:21-47
    DOI: 10.1111/roiw.12336
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    Cited by:

    1. Chu, Yu-Wei Luke & Lin, Ming-Jen & Nian, Huici, 2024. "The apple doesn't fall far from the tree: Intergenerational wealth mobility in Taiwan," Labour Economics, Elsevier, vol. 91(C).
    2. Ismaila Y. Jammeh & Federico Giri & Alberto Russo, 2026. "Breaking the Dynastic Cycle: Inequality, Taxation, and Redistribution," Working Papers 505, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    3. Barbara Castillo Rico, 2020. "Trends in intergenerational homeownership mobility in France between 1960-2015," AMSE Working Papers 2008, Aix-Marseille School of Economics, France.
    4. Waldenström, Daniel, 2024. "Wealth and history: A reappraisal," Explorations in Economic History, Elsevier, vol. 94(C).
    5. Bonacini, Luca & Gallo, Giovanni & Scicchitano, Sergio, 2021. "Sometimes you cannot make it on your own. How household background influences chances of success in Italy," GLO Discussion Paper Series 832, Global Labor Organization (GLO).
    6. You, Jing & Ding, Xinxin & Niño-Zarazúa, Miguel & Wang, Sangui, 2021. "The intergenerational impact of house prices on education: evidence from China," Journal of Housing Economics, Elsevier, vol. 54(C).
    7. Paul Gregg & Ricky Kanabar, 2023. "Intergenerational wealth transmission in Great Britain," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 69(4), pages 807-837, December.
    8. Bertrand Garbinti & Frédérique Savignac, 2020. "Accounting for Intergenerational Wealth Mobility in France over the 20th Century: Method anDeestimations," Working papers 776, Banque de France.

    More about this item

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • N3 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy

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