| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w19175 |
| 来源ID | Working Paper 19175 |
| Up from Poverty? The 1832 Cherokee Land Lottery and the Long-run Distribution of Wealth | |
| Hoyt Bleakley; Joseph P. Ferrie | |
| 发表日期 | 2013-06-28 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | The state of Georgia allocated most of its land to the public through a system of lotteries. These episodes provide unusual opportunities to assess the long-term impact of large shocks to wealth, as winning was uncorrelated with individual characteristics and participation was nearly universal among the eligible population of adult white male Georgians. We use one of these episodes to examine the idea that the lower tail of the wealth distribution reflects in part a wealth-based poverty trap because of limited access to capital. Using wealth measured in the 1850 Census manuscripts, we follow up on a sample of men eligible to win in the 1832 Cherokee Land Lottery. We assess the impact of lottery winning on the distribution of wealth 18 years after the fact. Winners are on average richer (by an amount close to the median of 1850 wealth), but mainly due to a (net) shifting of mass from the middle to the upper tail of the wealth distribution. The lower tail is largely unaffected. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Health, Education, and Welfare ; Poverty and Wellbeing ; Labor Economics ; Labor Supply and Demand ; Unemployment and Immigration ; History ; Labor and Health History ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w19175 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/576849 |
| 推荐引用方式 GB/T 7714 | Hoyt Bleakley,Joseph P. Ferrie. Up from Poverty? The 1832 Cherokee Land Lottery and the Long-run Distribution of Wealth. 2013. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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