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Does Egalitarianism Come at a Price? Inequality and Economic Performance in Late-Nineteenth-Century Ontario

Published online by Cambridge University Press:  13 October 2017

Livio Di Matteo
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Abstract

The relationship between economic performance and wealth inequality at a regional level is examined using county-level wealth for Ontario in 1892 and 1902. The results find that after controlling for confounding factors, declining wealth inequality was generally accompanied by slower economic performance as measured by changes in wealth levels and manufacturing output over time. This suggests that a more egalitarian wealth distribution came perhaps at the price of less robust economic performance.

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Social Science History , Volume 41 , Issue 4 , Winter 2017 , pp. 615 - 644
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Copyright © Social Science History Association, 2017 

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