Inégalités de richesse et démographie différentielle. L'effet de la taille des fratries sur la concentration de la richesse à Paris et en France, 1860-1914.
Présenté par Clément Dherbécourt (PSE) - Discutant : Laurent Toulemon
During late XIXth century, and XXth century until the
"baby-boom", French demography was very specific in comparison with
European standards. Data from successions show indeed that average
family was small, and that a large share of individuals died with
no child inheritor at all. This seems however to have been
different in very rich families. By the richest Parisian wealth
holders - who possessed more than 50\% of total wealth before World
War I in Paris - the number of children by deceased was twice as
high as in the "middle-class", because small families and indirect
(childless) inheritance were less frequent. To understand the
effect of differential demography on capital redistribution at each
generation, I designed a simulation model counting the total wealth
inherited by inheritors of different social worlds. Until World War
II, Malthusian France was a place where inheritors received a total
amount of wealth that made them richer than each of their parents.
This was especially true in a city like Paris, from the Second
Empire to at least World War II. Middle-class individuals of small
families experienced mechanical upward mobility because of direct
and indirect inheritance, whereas a big proportion of top family
inheritors experienced the opposite. Beyond the question of
transmission, it is necessary to understand if family structures
has long term effects on individuals, or if inheritors can
compensate capital dilution by other means (e.g. work, saving).
Observation from a new data set following 800 very rich Parisian
families on two generations tends to prove that individuals of
larger sibships never caught-up with the others. Moreover, for a
given amount of total inherited wealth, it seems that larger
sibships had a negative effect on the inheritor's wealth at death.
This could be explained by coordination problems between brothers
and sisters to manage parental estates.