Wealth inequality in pre-industrial England: A long-term view (late thirteenth to sixteenth centuries)

This article provides an overview of wealth inequality in England from the late thirteenth to the sixteenth century, based on a novel database of distributions of taxable household wealth across 17 counties plus London. To account for high thresholds of fiscal exemption, a new method is introduced t...

Descripción completa

Detalles Bibliográficos
Autores: Alfani, Guido, García Montero, Héctor
Tipo de recurso: artículo
Fecha de publicación:2022
País:España
Institución:Universidad Nacional de Educación a Distancia
Repositorio:e-spacio. Repositorio Institucional de la UNED
Idioma:inglés
OAI Identifier:oai:e-spacio.uned.es:20.500.14468/25515
Acceso en línea:https://hdl.handle.net/20.500.14468/25515
Access Level:acceso abierto
Palabra clave:53 Ciencias Económicas
Black Death
early modern period
economic inequality
England
Middle Ages
plague
wealth concentration
Descripción
Sumario:This article provides an overview of wealth inequality in England from the late thirteenth to the sixteenth century, based on a novel database of distributions of taxable household wealth across 17 counties plus London. To account for high thresholds of fiscal exemption, a new method is introduced to reconstruct complete distributions from left-censored observations. First, we analyse inequality at the county level, finding an impressive stability across time in the relative position of the English counties, perturbed only by the tendency of the South and South-East to become relatively more inegalitarian. Then, we produce an aggregate distribution representative of England as a whole, and we detect an overall tendency for inequality to grow from medieval to early modern times due largely to North–South divergence in average household wealth. We discuss our results in the light of the recent literature on historical inequality