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Author Bourdieu, Jérôme ♦ Kesztenbaum, Lionel ♦ Postel-Vinay, Gilles ♦ Suwa-Eisenmann, Akiko
Source Hyper Articles en Ligne (HAL)
Content type Text
Publisher Wiley
File Format PDF
Language English
Subject Keyword economic history JEL codes: D31 ♦ France ♦ N3 ♦ wealth distribution ♦ intergenerational mobility ♦ shs ♦ Humanities and Social Sciences/Economies and finances
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.
ISSN 00346586
Educational Use Research
Learning Resource Type Article
Publisher Date 2019-03-01
e-ISSN 14754991
Journal Review of Income and Wealth
Volume Number 65
Page Count 27
Starting Page 21
Ending Page 47