{"title":"Wealth mobility in the United States: 1860–1870","authors":"Brandon R. Dupont, Joshua L. Rosenbloom","doi":"10.1017/ssh.2022.19","DOIUrl":null,"url":null,"abstract":"Abstract We offer new evidence on the dynamics of wealth holding in the United States over the Civil War decade based on a hand-linked random sample of wealth holders drawn from the 1860 census. Despite the wealth shock caused by emancipation, we find that patterns of wealth mobility were broadly similar for northern and southern residents in 1860. Looking at the determinants of individual wealth holding in 1870, we find that the elasticity with respect to 1860 wealth was quite low in both regions – consistent with high levels of wealth mobility.","PeriodicalId":46528,"journal":{"name":"Social Science History","volume":null,"pages":null},"PeriodicalIF":0.5000,"publicationDate":"2022-12-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Social Science History","FirstCategoryId":"98","ListUrlMain":"https://doi.org/10.1017/ssh.2022.19","RegionNum":3,"RegionCategory":"历史学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"HISTORY","Score":null,"Total":0}
引用次数: 1
Abstract
Abstract We offer new evidence on the dynamics of wealth holding in the United States over the Civil War decade based on a hand-linked random sample of wealth holders drawn from the 1860 census. Despite the wealth shock caused by emancipation, we find that patterns of wealth mobility were broadly similar for northern and southern residents in 1860. Looking at the determinants of individual wealth holding in 1870, we find that the elasticity with respect to 1860 wealth was quite low in both regions – consistent with high levels of wealth mobility.
期刊介绍:
Social Science History seeks to advance the study of the past by publishing research that appeals to the journal"s interdisciplinary readership of historians, sociologists, economists, political scientists, anthropologists, and geographers. The journal invites articles that blend empirical research with theoretical work, undertake comparisons across time and space, or contribute to the development of quantitative and qualitative methods of analysis. Online access to the current issue and all back issues of Social Science History is available to print subscribers through a combination of HighWire Press, Project Muse, and JSTOR via a single user name or password that can be accessed from any location (regardless of institutional affiliation).