Long‐Term Trends in Economic Inequality: The Case of the Florentine State, C. 1300–1800

31 Pages Posted: 11 Oct 2017

See all articles by Guido Alfani

Guido Alfani

Bocconi University - Department of Policy Analysis and Public Management

Francesco Ammannati

Bocconi University

Date Written: November 2017

Abstract

This article provides an overview of economic inequality, particularly of wealth, in the Florentine state (Tuscany) from the early fourteenth to the late eighteenth century. Regional studies of this kind are rare, and this is only the second‐ever attempt at covering such a long period. Consistent with recent research conducted on other European areas, during the early modern period we find clear indications of a tendency for economic inequality to grow continually, a finding that for Tuscany cannot be explained as the consequence of economic growth. Furthermore, the exceptionally old sources we use allow us to demonstrate that a phase of declining inequality, lasting about one century, was triggered by the Black Death from 1348 to 1349. This finding challenges earlier scholarship and significantly alters our understanding of the economic consequences of the Black Death.

Suggested Citation

Alfani, Guido and Ammannati, Francesco, Long‐Term Trends in Economic Inequality: The Case of the Florentine State, C. 1300–1800 (November 2017). The Economic History Review, Vol. 70, Issue 4, pp. 1072-1102, 2017, Available at SSRN: https://ssrn.com/abstract=3050812 or http://dx.doi.org/10.1111/ehr.12471

Guido Alfani (Contact Author)

Bocconi University - Department of Policy Analysis and Public Management ( email )

Via Roentgen 1
Milan, 20136
Italy

Francesco Ammannati

Bocconi University

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