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 - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - 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: wealth distribution; economic history JEL codes: D31; intergenerational mobility; France; N3 (search for similar items in EconPapers)
Date: 2019-03
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01626848v1
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Citations: View citations in EconPapers (4)

Published in Review of Income and Wealth, 2019, 65 (1), pp.21-47. ⟨10.1111/roiw.12336⟩

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Journal Article: Intergenerational Wealth Mobility in France, 19th and 20th Century (2019)
Working Paper: Intergenerational Wealth Mobility in France, 19th and 20th Century (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01626848

DOI: 10.1111/roiw.12336

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