Pre-industrial Inequality
Is inequality largely the result of the Industrial Revolution? Or, were pre-industrial incomes as unequal as they are today? This article infers inequality across individuals within each of the 28 pre-industrial societies, for which data were available, using what are known as social tables. It applies two new concepts: the inequality possibility frontier and the inequality extraction ratio. They compare the observed income inequality to the maximum feasible inequality that, at a given level of income, might have been 'extracted' by those in power. The results give new insights into the connection between inequality and economic development in the very long run.
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| Main Authors: | , , |
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| Format: | Journal Article biblioteca |
| Language: | EN |
| Published: |
2011
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| Subjects: | Personal Income, Wealth, and Their Distributions D310, Equity, Justice, Inequality, and Other Normative Criteria and Measurement D630, Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy: General, International, or Comparative N300, |
| Online Access: | http://hdl.handle.net/10986/4776 |
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