The Determinants of Personal Wealth in Seventeenth-Century England and America

Carole Shammas

The Journal of Economic History, 1977, vol. 37, issue 3, 675-689

Abstract: This article explores the determinants of wealth for seventeenth-century Englishmen living in three very different environments—Worcestershire, East London, and Tidewater, Virginia. Wealth differences among these regions can be described in terms of the particular mix of occupational status groups, age groups, and literates each possessed. When all of these variables are accounted for, region becomes an insignificant determinant of wealth. Occupational status, predictably, had the primary influence on wealth, but the system, through provisions for age and education, also made definite allowances for the ability to use and consume resources efficiently.

Date: 1977
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