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Growing apart in early modern Europe? A comparison of inequality trends in Italy and the Low Countries, 1500–1800
Institution:1. Bocconi University, IGIER and Dondena Centre, Milan, Italy;2. Ghent University, Vrije Universiteit Brussel, Belgium;1. Department of Economics, Occidental College, 1600 Campus Road, Los Angeles, CA 90041, United States;2. Board of Governors of the Federal Reserve System, Division of Research and Statistics, Mail Stop 82, 20th St. and Constitution Ave. NW, Washington, DC 20551, United States
Abstract:This article provides a comparison of long-term changes in inequality in two key areas of preindustrial Europe: Central-Northern Italy and the Low Countries. Based on new archival material, we reconstruct regional estimates of economic inequality during 1500–1800 and use them to assess the role of economic growth, social-demographic variables, proletarianization, and institutions. We argue that different explanations should be invoked to understand the early modern growth of inequality throughout Europe since several factors conspired to make for a society in which it was much easier for inequality to rise than to fall. Although long-term trends in economic inequality were apparently similar across the continent, divergence occurred in terms of inequality extraction ratios.
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