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来源类型Working Paper
规范类型报告
DOI10.3386/w25700
来源IDWorking Paper 25700
The Intergenerational Effects of a Large Wealth Shock: White Southerners After the Civil War
Philipp Ager; Leah Platt Boustan; Katherine Eriksson
发表日期2019-04-01
出版年2019
语种英语
摘要The nullification of slave wealth after the U.S. Civil War (1861-65) was one of the largest episodes of wealth compressions in history. We document that white Southern households holding more slave assets in 1860 lost substantially more wealth by 1870, relative to households that had been equally wealthy before the war. Yet, the sons of former slaveholders recovered relative to comparable sons by 1900, and grandsons surpassed their counterparts in educational and occupational attainment by 1940. We find that social networks facilitated this recovery, with sons marrying into other former slaveholding families. Transmission of entrepreneurship and skills appear less central.
主题Labor Economics ; Unemployment and Immigration ; History ; Macroeconomic History
URLhttps://www.nber.org/papers/w25700
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/583374
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Philipp Ager,Leah Platt Boustan,Katherine Eriksson. The Intergenerational Effects of a Large Wealth Shock: White Southerners After the Civil War. 2019.
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