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

27 Pages Posted: 12 Feb 2019

See all articles by Jerome Bourdieu

Jerome Bourdieu

Paris School of Economics (PSE)

Lionel Kesztenbaum

National Institute of Demographic Studies (INED)

Gilles Postel‐Vinay

Paris School of Economics (PSE)

Akiko Suwa‐Eisenmann

Paris School of Economics (PSE)

Date Written: March 2019

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, economic inequality, France, intergenerational mobility, wealth distribution

Suggested Citation

Bourdieu, Jerome and Kesztenbaum, Lionel and Postel‐Vinay, Gilles and Suwa‐Eisenmann, Akiko, Intergenerational Wealth Mobility in France, 19th and 20th Century (March 2019). Review of Income and Wealth, Vol. 65, Issue 1, pp. 21-47, 2019. Available at SSRN: https://ssrn.com/abstract=3332593 or http://dx.doi.org/10.1111/roiw.12336

Jerome Bourdieu (Contact Author)

Paris School of Economics (PSE) ( email )

48 Boulevard Jourdan
Paris, 75014 75014
France

Lionel Kesztenbaum

National Institute of Demographic Studies (INED) ( email )

133 Bd Davout
Paris cedex 20, France 75980
France

Gilles Postel‐Vinay

Paris School of Economics (PSE)

48 Boulevard Jourdan
Paris, 75014 75014
France

Akiko Suwa‐Eisenmann

Paris School of Economics (PSE)

48 Boulevard Jourdan
Paris, 75014 75014
France

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