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Moderate opulence: the evolution of wealth inequality in Mexico in its first century of independence

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  • Castañeda Garza, Diego

Abstract

This article presents the first complete 19th-century reconstruction of the Mexican wealth distribution, from independence to the Mexican Revolution. It uses an often underutilized source in Mexican historiography: will inventories/protocols. In addition, the present article estimates the levels and trends of historical wealth inequality using five different methods, among them the application of the properties of two theoretical parametric distributions to the measurement of historical inequality. The dynamics of wealth inequality in 19th century Mexico were dominated by the top 1% and the middle 40% of the wealth distribution; meanwhile, the top 10% and bottom 50% demonstrate remarkable stability. This article makes significant contributions through two primary avenues: firstly, the reconstruction of historical wealth inequality, and secondly, the analysis of historical developments in the context of their potential impact on the distribution of wealth within a dynamic political economy environment.

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  • Castañeda Garza, Diego, 2024. "Moderate opulence: the evolution of wealth inequality in Mexico in its first century of independence," Explorations in Economic History, Elsevier, vol. 92(C).
    • Handle: RePEc:eee:exehis:v:92:y:2024:i:c:s001449832300061x
    DOI: 10.1016/j.eeh.2023.101567
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    More about this item

    Keywords

    Wealth Inequality; Mexico; Political Economy; distribution dynamics;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • H20 - Public Economics - - Taxation, Subsidies, and Revenue - - - General
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • N36 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Latin America; Caribbean

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