Philipp Ager, Leah Boustan and Katherine Eriksson

Philipp Ager is an associate professor of economics, at the University of Southern Denmark and a CEPR research affiliate. Leah Boustan is a professor of economics at Princeton University and a research fellow at the National Bureau of Economic Research. Katherine Eriksson is an assistant professor of economics at the University of California, Davis and a faculty research fellow at NBER.

Articles by Philipp Ager, Leah Boustan and Katherine Eriksson:

Do the Sons of Rich Families Recover After a Large Wealth Shock? Evidence From the US Civil War

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One striking feature of many underdeveloped societies is that economic power is concentrated in the hands of very small powerful elites. Why is it the case that some elites show remarkable persistence and even retain their power after major economic disruptions, like civil wars or democratization? The fortune of wealthy white southern households and their sons after the American Civil War is one such case in point.  

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