Affordable Access

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

Authors
  • Bourdieu, Jérôme
  • Kesztenbaum, Lionel
  • Postel-Vinay, Gilles
  • Suwa-Eisenmann, Akiko
Publication Date
Mar 01, 2014
Source
HAL-UPMC
Keywords
Language
English
License
Unknown
External links

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.

Report this publication

Statistics

Seen <100 times