Intergenerational Mobility
Do the Sons of Rich Families Recover After a Large Wealth Shock? Evidence From the US Civil War
One striking feature of many underdeveloped societies is that economic power is concentrated in the hands of very small powerful elites. Why is it...
Intergenerational Mobility, Guilds and Income in the Very Long Run
New paper compares tax records for family dynasties in Florence in 1427 and 2011, and finds that the top earners of the present day...
