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Wealth and inequality over eight centuries of British capitalism

机译:超过八个世纪的财富和不平等英国资本主义

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This paper constructs annual data for the wealth-income ratio, W-Y, for the UK over the period 1210-2013. It is found that the W-Y ratio has fluctuated at one-two century frequencies about a constant level of approximately 500% over the past eight centuries. Furthermore, a U-shaped W-Y path is identified over the past two centuries and it is argued that the descending part of the U-shape is driven by the transition from pre-industrial modes of production to industrialization and that the post-1980 upturn in the W-Y ratio represents the transition from the industrial to the post-industrialization era.
机译:本文在1210-2013期间为英国建立了财富收入率的年度数据,W-Y。 结果发现,在过去的八世纪,W-Y比在一棵二世纪的频率下波动约为500%的恒定水平。 此外,在过去的两个世纪中鉴定了一个U形的Wy路径,并且认为U形的下降部分由从工业预工业模式转变为工业化的过渡而导致的,并且1980年后升级 WY比例代表了工业后期后工业化时代的过渡。

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