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

  • Jérôme Bourdieu

    (Paris School of Economics, INRA, Paris)

  • Marta Menéndez

    ()

    (Université Paris-Dauphine, Paris et Paris School of Economics, INRA)

  • Gilles Postel-Vinay

    (Paris School of Economics, INRA et EHESS, Paris)

  • Akiko Suwa-Eisenmann

    (Paris School of Economics, INRA, Paris)

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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File URL: http://ageconsearch.umn.edu/bitstream/188538/2/87-2-5-25.pdf
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Article provided by INRA Department of Economics in its journal Review of Agricultural and Environmental Studies.

Volume (Year): 87 (2008)
Issue (Month): 2 ()
Pages: 5-25

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Handle: RePEc:rae:jourae:v:87:y:2008:i:2:p:5-25
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  1. 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 1001-44, September.
  2. Jenkins, Stephen P. & Van Kerm, Philippe, 2004. "Accounting for Income Distribution Trends: A Density Function Decomposition Approach," IZA Discussion Papers 1141, Institute for the Study of Labor (IZA).
  3. repec:ese:iserwp:2005-05 is not listed on IDEAS
  4. 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.
  5. Esteban, J.M. & Ray, D., 1992. "On the Measurement of Polarization," UFAE and IAE Working Papers 171.92, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
  6. Ravallion, M. & Datt, G., 1991. "Growth and Redistribution Components of Changes in Poverty Measures," Papers 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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