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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| Language: | EN |
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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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dig-okr-1098647762021-04-23T14:02:19Z Pre-industrial Inequality Milanovic, Branko Lindert, Peter H. Williamson, Jeffrey G. 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 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. 2012-03-30T07:29:41Z 2012-03-30T07:29:41Z 2011 Journal Article Economic Journal 00130133 http://hdl.handle.net/10986/4776 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article |
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biblioteca |
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America del Norte |
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Biblioteca del Banco Mundial |
| language |
EN |
| topic |
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 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 |
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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 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 Milanovic, Branko Lindert, Peter H. Williamson, Jeffrey G. Pre-industrial Inequality |
| description |
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. |
| format |
Journal Article |
| topic_facet |
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 |
| author |
Milanovic, Branko Lindert, Peter H. Williamson, Jeffrey G. |
| author_facet |
Milanovic, Branko Lindert, Peter H. Williamson, Jeffrey G. |
| author_sort |
Milanovic, Branko |
| title |
Pre-industrial Inequality |
| title_short |
Pre-industrial Inequality |
| title_full |
Pre-industrial Inequality |
| title_fullStr |
Pre-industrial Inequality |
| title_full_unstemmed |
Pre-industrial Inequality |
| title_sort |
pre-industrial inequality |
| publishDate |
2011 |
| url |
http://hdl.handle.net/10986/4776 |
| work_keys_str_mv |
AT milanovicbranko preindustrialinequality AT lindertpeterh preindustrialinequality AT williamsonjeffreyg preindustrialinequality |
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