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Comparing income and wealth inequality in pre-industrial economies: the case of Castile (Spain) in the eighteenth century
[Wealth inequalities and population dynamics in early modern northern Italy]

Author

Listed:
  • Esteban A Nicolini
  • Fernando Ramos-Palencia

Abstract

Most research on inequality in pre-industrial economies has focused on either wealth or income, generating not readily comparable results. In this paper, we use a unique data set of Spain circa 1750 including information on (among other things) wealth and income for the same sample of households. Our findings provide methodological insights showing that a household’s position in the income distribution is strongly correlated with its position in the wealth distribution but is also influenced by several other household specific characteristics like human capital of the head of the household and the economic sector of her/his main occupation.

Suggested Citation

  • Esteban A Nicolini & Fernando Ramos-Palencia, 2021. "Comparing income and wealth inequality in pre-industrial economies: the case of Castile (Spain) in the eighteenth century [Wealth inequalities and population dynamics in early modern northern Italy," European Review of Economic History, European Historical Economics Society, vol. 25(4), pages 680-702.
    • Handle: RePEc:oup:ereveh:v:25:y:2021:i:4:p:680-702.
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    File URL: http://hdl.handle.net/10.1093/ereh/heaa026
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    Cited by:

    1. Alfani, Guido & Sardone, Sergio, 2025. "Long-term trends in income and wealth inequality in southern Italy. The Kingdom of Naples (Apulia), sixteenth to eighteenth centuries," Explorations in Economic History, Elsevier, vol. 95(C).
    2. Julio Martinez-Galarraga & Marc Prat, 2022. "Pre-industrial inequality in Catalonia," UB School of Economics Working Papers 2022/430, University of Barcelona School of Economics.
    3. Adrián Palacios-Mateo, 2024. "Explaining pre-industrial inequality in Navarre and Aragon in the mid-19th century," Documentos de Trabajo de la Sociedad de Estudios de Historia Agraria 2402, Sociedad de Estudios de Historia Agraria.
    4. Julio Martinez-Galarraga & Marc Prat, 2025. "Inequality in rural Catalonia in the early eighteenth century," Cliometrica, Springer;Cliometric Society (Association Francaise de Cliométrie), vol. 19(1), pages 195-247, January.

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