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Intergenerational wealth accumulation and dispersion in the Ottoman Empire: observations from eighteenth-century Kastamonu

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  • COŞGEL, METIN
  • ERGENE, BOĞAÇ A.

Abstract

This article examines intergenerational wealth accumulation and transmission patterns in eighteenth-century Ottoman Kastamonu (located in north-central Anatolia), by utilizing the quantitative information as found in probate estate inventories. Specifically, it explores how sons' wealth levels were determined by a number of factors. Our results indicate that the father's wealth and the duration of wealth accumulation were positively related to the son's wealth. But the number of inheritors and, for the most part, honorary titles did not influence wealth accumulation. In addition to providing valuable insights into wealth accumulation patterns in eighteenth-century Anatolia, our findings allow us to make comparisons with Britain and comment on the process of economic development in the Middle East.

Suggested Citation

  • Coşgel, Metin & Ergene, Boğaç A., 2011. "Intergenerational wealth accumulation and dispersion in the Ottoman Empire: observations from eighteenth-century Kastamonu," European Review of Economic History, Cambridge University Press, vol. 15(02), pages 255-276, August.
  • Handle: RePEc:cup:ereveh:v:15:y:2011:i:02:p:255-276_00
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    JEL classification:

    • D3 - Microeconomics - - Distribution
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • N3 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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