Measuring Ancient Inequality
Is inequality largely the result of the Industrial Revolution? Or, were pre-industrial incomes and life expectancies as unequal as they are today? For want of sufficient data, these questions have not yet been answered. This paper infers inequalit...
Main Authors: | , , |
---|---|
Format: | Policy Research Working Paper |
Language: | English |
Published: |
World Bank, Washington, DC
2012
|
Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2007/11/8789801/measuring-ancient-inequality http://hdl.handle.net/10986/7630 |
Summary: | Is inequality largely the result of the
Industrial Revolution? Or, were pre-industrial incomes and
life expectancies as unequal as they are today? For want of
sufficient data, these questions have not yet been answered.
This paper infers inequality for 14 ancient, pre-industrial
societies using what are known as social tables, stretching
from the Roman Empire 14 AD, to Byzantium in 1000, to
England in 1688, to Nueva EspaƱa around 1790, to China in
1880 and to British India in 1947. It applies two new
concepts in making those assessments - what the authors call
the inequality possibility frontier and the inequality
extraction ratio. Rather than simply offering measures of
actual inequality, the authors compare the latter with the
maximum feasible inequality (or surplus) that could have
been extracted by the elite. The results, especially when
compared with modern poor countries, give new insights in to
the connection between inequality and economic development
in the very long run. |
---|