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Wealth mobility in the United States

1860–1870

Bibliographic Data

ID11204159
AuthorsBrandon Dupont (0000-0001-7213-8066, Western Washington University, corresponding author), Joshua L Rosenbloom (0000-0001-6450-0563, Iowa State University)
Year2022
Volume46
Issue4
Pages801-829
Publication date2022-01-01
Open AccessYes
TypeARTICLE
VenueSocial Science History (JOURNAL)
Journal identifiersISSN: 0145-5532 • E-ISSN: 1527-8034
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/ssh.2022.19
OpenAlexW4312913783
LanguageEN
Citations received4
References cited13

We offer new evidence on the dynamics of wealth holding in the United States over the Civil War decade based on a hand-linked random sample of wealth holders drawn from the 1860 census. Despite the wealth shock caused by emancipation, we find that patterns of wealth mobility were broadly similar for northern and southern residents in 1860. Looking at the determinants of individual wealth holding in 1870, we find that the elasticity with respect to 1860 wealth was quite low in both regions – consistent with high levels of wealth mobility

Census · Demographic economics · Economics · Emancipation · Labour economics · National wealth · Political science · Politics · Sample (material · Shock (circulatory · Social mobility · Sociology · Spanish Civil War · Demography · Finance · Financial Literacy, Pension, Retirement Analysis · Historical Economic and Social Studies · Intergenerational and Educational Inequality Studies · Law

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    Open Access•Brandon Dupont, Joshua L Rosenbloom•Social Science History•2022

  • Wealth and Child Mortality in the Nineteenth-Century United States

    Open Access•Jason Daniel Hacker, M Dribe et al.•Social Science History•2023

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    Lee Soltow•Men and wealth in the United…•1975

  • One Kind of Freedom

    Richard Sutch, Roger L Ransom et al.•One Kind of Freedom•2013

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    Richard H Steckel•The Review of Economics and…•1990

  • The Control of Politicians in Normal Times and Times of Crisis

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  • A Nation of Immigrants

    Ran Abramitzky, Leah Platt Boustan et al.•Journal of Political Economy•2014

  • Money, Prices, and Wages in the Confederacy, 1861-65

    Eugene M Lerner•Journal of Political Economy•1955

  • Population Persistence and Social Change in Nineteenth-Century Texas

    Randolph B Campbell•The Journal of Southern History•1982

Citations per year1
Citation span2022 - 2026 (5)
Highly citedNo

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