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

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Author Info
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)

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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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Publisher Info
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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Related research
Keywords: wealth distribution; decomposition; semi-parametric and nonparametric methods;

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Find related papers by JEL classification:
C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: General - - - Semiparametric and Nonparametric Methods
J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends and Forecasts
H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Regional, Urban, and Rural Analyses

References listed on IDEAS
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  1. Dinardo, J. & Fortin, N.M. & Lemieux, T., 1994. "Labor Market Institutions and the Distribution of Wages, 1973-1992: A Semiparametric Approach," Cahiers de recherche 9406, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
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  2. Jenkins, Stephen P. & Van Kerm, Philippe, 2004. "Accounting for income distribution trends: A density function decomposition approach," IRISS Working Paper Series 2004-07, IRISS at CEPS/INSTEAD. [Downloadable!]
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  3. Esteban, Joan & Ray, Debraj, 1994. "On the Measurement of Polarization," Econometrica, Econometric Society, vol. 62(4), pages 819-51, July. [Downloadable!] (restricted)
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  4. Piketty, Thomas & Postel-Vinay, Gilles & Rosenthal, Jean Laurent, 2004. "Wealth Concentration in a Developing Economy: Paris and France, 1807-1994," CEPR Discussion Papers 4631, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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