[go: up one dir, main page]

IDEAS home Printed from https://ideas.repec.org/p/tse/iastwp/126149.html
   My bibliography  Save this paper

The Deep Roots of Inequality

Author

Listed:
  • Kumon, Yuzuru
Abstract
This paper uses a new dataset of Japanese village censuses, 1637-1872, to measure inequality in landownership. Surprisingly, lands were relatively equally distributed, and most peasants were de-facto landowners. Further, there was no trend in wealth inequality. This contrasts with Western Europe where wealth inequality was high and increasing. To explain this, I use a linked multi-generational dataset of village censuses to study land transmissions. I find that Japanese households differed from Europeans due to widespread adoption of male heirs when reproduction failed. As non-marginal landowners almost always had an heir, lands were kept in the family. In contrast, elite English male lines failed 25% of the time leading to a highly unequal redistribution of their lands via will or marriage of heiresses. Finally, the institutional differences in adoption had roots in church policy in the 4th century and this may partially explain why Western Europe was more unequal by 1800.

Suggested Citation

  • Kumon, Yuzuru, 2021. "The Deep Roots of Inequality," IAST Working Papers 21-125, Institute for Advanced Study in Toulouse (IAST).
  • Handle: RePEc:tse:iastwp:126149
    as

    Download full text from publisher

    File URL: http://iast.fr/pub/126149
    File Function: null
    Download Restriction: no

    File URL: https://www.iast.fr/sites/default/files/IAST/wp/wp_iast_125.pdf
    File Function: Full Text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Adrian Adermon & Mikael Lindahl & Daniel Waldenström, 2018. "Intergenerational Wealth Mobility and the Role of Inheritance: Evidence from Multiple Generations," Economic Journal, Royal Economic Society, vol. 128(612), pages 482-513, July.
    2. Sascha O. Becker & Ludger Woessmann, 2009. "Was Weber Wrong? A Human Capital Theory of Protestant Economic History," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 124(2), pages 531-596.
    3. Esteban A. Nicolini & Fernando Ramos Palencia, 2016. "Decomposing income inequality in a backward pre-industrial economy: Old Castile (Spain) in the middle of the eighteenth century," Economic History Review, Economic History Society, vol. 69(3), pages 747-772, August.
    4. Alfani, Guido & Gierok, Victoria & Schaff, Felix, 2022. "Economic Inequality in Preindustrial Germany, ca. 1300–1850," The Journal of Economic History, Cambridge University Press, vol. 82(1), pages 87-125, March.
    5. Alvaredo, Facundo & Atkinson, Anthony B. & Morelli, Salvatore, 2018. "Top wealth shares in the UK over more than a century," Journal of Public Economics, Elsevier, vol. 162(C), pages 26-47.
    6. von Glahn,Richard, 2016. "The Economic History of China," Cambridge Books, Cambridge University Press, number 9781107030565, September.
    7. Erik Bengtsson & Anna Missiaia & Mats Olsson & Patrick Svensson, 2018. "Wealth inequality in Sweden, 1750–1900," Economic History Review, Economic History Society, vol. 71(3), pages 772-794, August.
    8. Alfani, Guido, 2015. "Economic Inequality in Northwestern Italy: A Long-Term View (Fourteenth to Eighteenth Centuries)," The Journal of Economic History, Cambridge University Press, vol. 75(4), pages 1058-1096, December.
    9. Laurent Bach & Laurent E. Calvet & Paolo Sodini, 2020. "Rich Pickings? Risk, Return, and Skill in Household Wealth," American Economic Review, American Economic Association, vol. 110(9), pages 2703-2747, September.
    10. Greif, Avner & Tabellini, Guido, 2017. "The clan and the corporation: Sustaining cooperation in China and Europe," Journal of Comparative Economics, Elsevier, vol. 45(1), pages 1-35.
    11. Daniel Barth & Nicholas W. Papageorge & Kevin Thom, 2020. "Genetic Endowments and Wealth Inequality," Journal of Political Economy, University of Chicago Press, vol. 128(4), pages 1474-1522.
    12. Kremer, Michael & Chen, Daniel L, 2002. "Income Distribution Dynamics with Endogenous Fertility," Journal of Economic Growth, Springer, vol. 7(3), pages 227-258, September.
    13. Omer Moav, 2005. "Cheap Children and the Persistence of Poverty," Economic Journal, Royal Economic Society, vol. 115(500), pages 88-110, January.
    14. Jesper Roine & Daniel Waldenström, 2009. "Wealth Concentration over the Path of Development: Sweden, 1873–2006," Scandinavian Journal of Economics, Wiley Blackwell, vol. 111(1), pages 151-187, March.
    15. Jean-François Mignot, 2019. "Child Adoption in Western Europe, 1900–2015," Studies in Economic History, in: Claude Diebolt & Auke Rijpma & Sarah Carmichael & Selin Dilli & Charlotte Störmer (ed.), Cliometrics of the Family, chapter 0, pages 333-366, Springer.
    16. Simon H. Boserup & Wojciech Kopczuk & Claus T. Kreiner, 2016. "The Role of Bequests in Shaping Wealth Inequality: Evidence from Danish Wealth Records," American Economic Review, American Economic Association, vol. 106(5), pages 656-661, May.
    17. Branko Milanovic, 2018. "Towards an explanation of inequality in premodern societies: the role of colonies, urbanization, and high population density," Economic History Review, Economic History Society, vol. 71(4), pages 1029-1047, November.
    18. Yuzuru Kumon, 2020. "The Labor Intensive Path: Wages, Incomes and the Work Year in Japan, 1610-1932," CIRJE F-Series CIRJE-F-1154, CIRJE, Faculty of Economics, University of Tokyo.
    19. Kumon, Yuzuru, 2021. "Wealth Inequality in Pre-industrial Rural England," IAST Working Papers 21-124, Institute for Advanced Study in Toulouse (IAST).
    20. Davide Cantoni & Jeremiah Dittmar & Noam Yuchtman, 2018. "Religious Competition and Reallocation: the Political Economy of Secularization in the Protestant Reformation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 133(4), pages 2037-2096.
    21. Annette Alstadsæter & Niels Johannesen & Gabriel Zucman, 2019. "Tax Evasion and Inequality," American Economic Review, American Economic Association, vol. 109(6), pages 2073-2103, June.
    22. Alfani,Guido & Di Tullio,Matteo, 2019. "The Lion's Share," Cambridge Books, Cambridge University Press, number 9781108476218, September.
    23. Mariacristina De Nardi, 2004. "Wealth Inequality and Intergenerational Links," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 71(3), pages 743-768.
    24. Emmanuel Saez & Gabriel Zucman, 2016. "Editor's Choice Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(2), pages 519-578.
    25. Bruce M. S. Campbell, 2008. "Benchmarking medieval economic development: England, Wales, Scotland, and Ireland, c.12901," Economic History Review, Economic History Society, vol. 61(4), pages 896-945, November.
    26. Alfani, Guido & Ryckbosch, Wouter, 2016. "Growing apart in early modern Europe? A comparison of inequality trends in Italy and the Low Countries, 1500–1800," Explorations in Economic History, Elsevier, vol. 62(C), pages 143-153.
    27. Paula E Gobbi & Marc Goñi, 2021. "Childless Aristocrats: Inheritance and the Extensive Margin of Fertility," The Economic Journal, Royal Economic Society, vol. 131(637), pages 2089-2118.
    28. Elinder, Mikael & Erixson, Oscar & Waldenström, Daniel, 2018. "Inheritance and wealth inequality: Evidence from population registers," Journal of Public Economics, Elsevier, vol. 165(C), pages 17-30.
    29. Katrine Jakobsen & Kristian Jakobsen & Henrik Kleven & Gabriel Zucman, 2020. "Wealth Taxation and Wealth Accumulation: Theory and Evidence From Denmark," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(1), pages 329-388.
    30. Shaw-Taylor, Leigh, 2001. "Parliamentary Enclosure And The Emergence Of An English Agricultural Proletariat," The Journal of Economic History, Cambridge University Press, vol. 61(3), pages 640-662, September.
    31. S. J. Payling, 2001. "The Economics of Marriage in Late Medieval England: The Marriage of Heiresses[I am very ]," Economic History Review, Economic History Society, vol. 54(3), pages 413-429, August.
    32. Christopher Clay, 1968. "Marriage, Inheritance, and the Rise of Large Estates in England, 1660–1815," Economic History Review, Economic History Society, vol. 21(3), pages 503-518, December.
    33. Kung, James Kai-sing & Wu, Xiaogang & Wu, Yuxiao, 2012. "Inequality of land tenure and revolutionary outcome: An economic analysis of China's land reform of 1946–1952," Explorations in Economic History, Elsevier, vol. 49(4), pages 482-497.
    34. von Glahn,Richard, 2016. "The Economic History of China," Cambridge Books, Cambridge University Press, number 9781107615700, September.
    35. Thomas Piketty & Gilles Postel-Vinay & Jean-Laurent Rosenthal, 2006. "Wealth Concentration in a Developing Economy: Paris and France, 1807–1994," American Economic Review, American Economic Association, vol. 96(1), pages 236-256, March.
    36. Guido Alfani & Francesco Ammannati, 2017. "Long‐term trends in economic inequality: the case of the Florentine state, c. 1300–1800," Economic History Review, Economic History Society, vol. 70(4), pages 1072-1102, November.
    37. Brandt, Loren & Sands, Barbara, 1990. "Beyond Malthus and Ricardo: Economic Growth, Land Concentration, and Income Distribution in Early Twentieth-Century Rural China," The Journal of Economic History, Cambridge University Press, vol. 50(4), pages 807-827, December.
    38. Osamu Saito, 2015. "Growth and inequality in the great and little divergence debate: a Japanese perspective," Economic History Review, Economic History Society, vol. 68(2), pages 399-419, May.
    39. Colin Heywood, 1981. "The Role of the Peasantry in French Industrialization, 1815–80," Economic History Review, Economic History Society, vol. 34(3), pages 359-376, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kumon, Yuzuru & Sakai, Kazuho, 2022. "Women's Wages and Empowerment : Pre-industrial Japan, 1600-1890," CEI Working Paper Series 2022-05, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    2. Kumon, Yuzuru & Sakai, Kazuho, 2022. "Women’s Wages and Empowerment: Pre-industrial Japan, 1600-1890," Discussion Paper Series in Economics 18/2022, Norwegian School of Economics, Department of Economics.
    3. Yuzuru Kumon, 2022. "Rich Europe, poor Asia: How wealth inequality, demography, and crop risks explain the poverty of pre‐industrial East Asia, 1300–1800," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 62(2), pages 161-168, July.
    4. Kumon, Yuzuru, 2022. "How Landownership Equality Created a Low Wage Society: Pre-industrial Japan, 1600-1870," IAST Working Papers 22-138, Institute for Advanced Study in Toulouse (IAST).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kumon, Yuzuru, 2021. "Wealth Inequality in Pre-industrial Rural England," IAST Working Papers 21-124, Institute for Advanced Study in Toulouse (IAST).
    2. Spencer Bastani & Daniel Waldenström, 2020. "How Should Capital Be Taxed?," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 812-846, September.
    3. James B. Davies & Rodrigo Lluberas & Daniel Waldenström & James Davies, 2024. "Long-Term Trends in the Distribution of Wealth and Inheritance," CESifo Working Paper Series 11183, CESifo.
    4. Kumon, Yuzuru, 2022. "How Landownership Equality Created a Low Wage Society: Pre-industrial Japan, 1600-1870," IAST Working Papers 22-138, Institute for Advanced Study in Toulouse (IAST).
    5. Schaff, Felix, 2020. "When ‘the state made war’, what happened to economic inequality? Evidence from preindustrial Germany (c.1400-1800)," LSE Research Online Documents on Economics 107046, London School of Economics and Political Science, LSE Library.
    6. Daniel Waldenström, 2021. "Wealth and History: An Update," CESifo Working Paper Series 9366, CESifo.
    7. Schaff, Felix, 2020. "When ‘the state made war’, what happened to economic inequality? Evidence from preindustrial Germany (c.1400-1800)," Economic History Working Papers 107046, London School of Economics and Political Science, Department of Economic History.
    8. Waldenström, Daniel, 2021. "Wealth and History: An Update," Working Paper Series 1411, Research Institute of Industrial Economics.
    9. Bastani, Spencer & Waldenström, Daniel, 2018. "How Should Capital Be Taxed? Theory and Evidence from Sweden," IZA Discussion Papers 11475, Institute of Labor Economics (IZA).
    10. Spencer Bastani & Daniel Waldenström, 2018. "How should capital be taxed? The Swedish experience," World Inequality Lab Working Papers hal-02878153, HAL.
    11. Gabriel Zucman, 2019. "Global Wealth Inequality," Annual Review of Economics, Annual Reviews, vol. 11(1), pages 109-138, August.
    12. Elinder, Mikael & Erixson, Oscar & Waldenström, Daniel, 2018. "Inheritance and wealth inequality: Evidence from population registers," Journal of Public Economics, Elsevier, vol. 165(C), pages 17-30.
    13. Alfani, Guido & Di Tullio, M & Fochesato, M, 2020. "The determinants of wealth inequality in the Republic of Venice (1400-1800)," CAGE Online Working Paper Series 483, Competitive Advantage in the Global Economy (CAGE).
    14. repec:hal:pseptp:halshs-03231244 is not listed on IDEAS
    15. Bertrand Garbinti & Jonathan Goupille-Lebret & Thomas Piketty, 2021. "Accounting for Wealth-Inequality Dynamics: Methods, Estimates, and Simulations for France," Journal of the European Economic Association, European Economic Association, vol. 19(1), pages 620-663.
    16. Black, Sandra E. & Devereux, Paul J. & Landaud, Fanny & Salvanes, Kjell G., 2022. "The (Un)Importance of Inheritance," IZA Discussion Papers 15034, Institute of Labor Economics (IZA).
    17. Clara Martínez Toledano, 2017. "House Price Cycles, Wealth Inequality and Portfolio Reshuffling," Working Papers halshs-02797549, HAL.
    18. Sarah Perret, 2021. "Why were most wealth taxes abandoned and is this time different?," Fiscal Studies, John Wiley & Sons, vol. 42(3-4), pages 539-563, September.
    19. Benjamin Ching & Tayla Forward & Oscar Parkyn, 2023. "Estimating the Distribution of Wealth in New Zealand," Treasury Working Paper Series 23/01, New Zealand Treasury.
    20. Enea Baselgia & Isabel Z. Martínez, 2022. "Behavioral Responses to Special Tax Regimes for the Super-Rich: Insights from Swiss Rich Lists," CESifo Working Paper Series 9778, CESifo.
    21. Andersen, Torben M. & Bhattacharya, Joydeep & Grodecka-Messi, Anna & Mann, Katja, 2024. "Pension reform and wealth inequality: Theory and evidence," European Economic Review, Elsevier, vol. 165(C).

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tse:iastwp:126149. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/iasttfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.