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Intergenerational Wealth Mobility in France, 19th and 20th Century

Jérôme Bourdieu, Lionel Kesztenbaum (), Gilles Postel-Vinay and Akiko Suwa-Eisenmann ()
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Jérôme Bourdieu: PSE - Paris School of Economics, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Panthéon-Sorbonne - ENS Paris - École normale supérieure - Paris - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique
Akiko Suwa-Eisenmann: PSE - Paris School of Economics, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Panthéon-Sorbonne - ENS Paris - École normale supérieure - Paris - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique

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Abstract: This paper examines intergenerational wealth mobility between fathers and children in France between 1848 and 1960. Considering wealth mobility in the long run requires taking into account not only positional mobility (that is, how families move within a given distribution of wealth), but also structural mobility induced by changes in the distribution of wealth. Such changes are related to two structural phenomena: in the nineteenth century, the rising number of individuals leaving no estate at death and, after World War I, the decline in the number of the very rich who could live off their wealth. The paper studies the movements between these groups and estimates the intergenerational elasticity of wealth, taking into account the persistence at the bottom and at the top.

Keywords: economic history JEL codes: D31; France; N3; wealth distribution; intergenerational mobility (search for similar items in EconPapers)
Date: 2019-03
Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-01626848
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Published in Review of Income and Wealth, Wiley, 2019, 65, pp.21-47. 〈10.1111/roiw.12336〉

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01626848

DOI: 10.1111/roiw.12336

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