Data and code for: The intergenerational effects of a large wealth shock: White Southerners after the Civil War
Principal Investigator(s): View help for Principal Investigator(s) Philipp Ager, University of Southern Denmark; Leah Boustan, Princeton University ; Katherine Eriksson, UC Davis
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| code | 07/29/2021 07:12:PM | ||
| data | 04/23/2021 03:43:PM | ||
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application/pdf | 242.7 KB | 07/30/2021 07:22:AM |
Project Citation:
Ager, Philipp , Boustan, Leah , and Eriksson, Katherine. Data and code for: The intergenerational effects of a large wealth shock: White Southerners after the Civil War . Nashville, TN: American Economic Association [publisher], 2021. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-07-30. https://doi.org/10.3886/E138741V1
Project Description
Summary:
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The nullification of slave wealth after the U.S. Civil War (1861-65) was one of the largest episodes of wealth compression in history. We document that white Southern households holding more slave assets in 1860 lost substantially more wealth by 1870, relative to Southern households that had been equally wealthy before the war. Yet, their sons almost entirely recovered from this wealth shock by 1900, and their grandsons completely converged by 1940. Marriage networks and connections to other elite families may have aided in recovery, whereas transmission of entrepreneurship and skills appear less central.
Scope of Project
JEL Classification:
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E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
N31 Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy: U.S.; Canada: Pre-1913
E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
N31 Economic History: Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy: U.S.; Canada: Pre-1913
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