The evolution of wealth-income ratios in India, 1860-2012 - HAL-SHS - Sciences de l'Homme et de la Société Accéder directement au contenu
Pré-Publication, Document De Travail Année : 2019

The evolution of wealth-income ratios in India, 1860-2012

Résumé

This article is about the metamorphoses of aggregate Indian wealth over fifteen politically transformative decades. Based on a comprehensive new database, I find that wealth-income ratios have fluctuated by large margins in the twentieth century. In emerging India of the twenty first century, wealth is steadily approaching the same disproportionate size (relative to national income) that was seen during sharp economic downturns in interwar colonial India. The long run 1939-2012 U shaped trajectories of wealth-income ratios are reasonably explained by a mid century asset price slowdown and the return of high land shares in national wealth. These results corroborate the secular increase of wealth-income ratios in most large economies since the 1980s. The manifestation of this phenomena appears to be independent of the stage of development.
Fichier principal
Vignette du fichier
2019-07_.pdf (1.55 Mo) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

hal-02876998 , version 1 (21-06-2020)

Identifiants

  • HAL Id : hal-02876998 , version 1

Citer

Rishabh Kumar. The evolution of wealth-income ratios in India, 1860-2012. 2019. ⟨hal-02876998⟩

Collections

WIL WIL-WP
33 Consultations
90 Téléchargements

Partager

Gmail Facebook X LinkedIn More