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Economic Bonanza and Wealth Inequality: Evidence From Tax Records for Lima, Peru

In: Research in Economic History, volume 38

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  • Luis Felipe Zegarra

Abstract

This chapter relies on tax records to estimate the distribution of wealth in 19th century Lima. In particular, by using real estate tax records of 1836 and 1857, I estimate the distribution of wealth of proprietors of Lima prior and during the Guano Era. I find that wealth inequality among proprietors remained practically the same in those two years. During this period of economic bonanza, social mobility was possible but did not change the distribution of wealth. Wealth inequality remained practically the same across real estate proprietors. On the other hand, a comparison of the wealth of proprietors and the labor income of laborers suggests that inequality between proprietors and low-skilled workers increased during the Guano Era.

Suggested Citation

  • Luis Felipe Zegarra, 2025. "Economic Bonanza and Wealth Inequality: Evidence From Tax Records for Lima, Peru," Research in Economic History, in: Research in Economic History, volume 38, volume 38, pages 53-75, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rehizz:s0363-326820250000038003
    DOI: 10.1108/S0363-326820250000038003
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    More about this item

    Keywords

    Wealth inequality; economic growth; Latin America; Peru; tax records; N36; N96; N01; O15; R11;
    All these keywords.

    JEL classification:

    • N36 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Latin America; Caribbean
    • N96 - Economic History - - Regional and Urban History - - - Latin America; Caribbean
    • N01 - Economic History - - General - - - Development of the Discipline: Historiographical; Sources and Methods
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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