PUBLICATIONS & REPORTS
PUBLICATIONS & REPORTS
From Kitakyushu to the world: AGI, a research institute that studies Asia's economy and society
FAMINE AND WEALTH INEQUALITY
| Author | Pramod Kumar Sur, Masaru Sasaki |
|---|---|
| Date of Publication | 2020. 3 |
| No. | 2020-07 |
| Download | 328KB |
Contents Introduction
Discussions around the growing difference in wealth, as well as its distribution, has gained prominent attention recently. What are the possible causes that could potentially contribute to the difference in wealth and its distribution? In this paper, we propose a novel reason, i.e., famine. We combine contemporary individual-level wealth data with historical data on famine severity in China and show that exposure to famine has a negative effect on the wealth of individuals born during this period. We further pursue a number of strategies to determine whether the relation we uncover is, in fact, causal.