Moderate opulence: the evolution of wealth inequality in Mexico in its first century of independence
Diego Castañeda Garza
Explorations in Economic History, 2024, vol. 92, issue C
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.
Keywords: Wealth Inequality; Mexico; Political Economy; distribution dynamics (search for similar items in EconPapers)
Date: 2024
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Working Paper: Moderate Opulence: The Evolution of Wealth inequality in Mexico in its first century of independence (2023) 
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Persistent link: https://EconPapers.repec.org/RePEc:eee:exehis:v:92:y:2024:i:c:s001449832300061x
DOI: 10.1016/j.eeh.2023.101567
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