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Using individual‐level records of all wealth‐at‐death in England from 1892 to 1992, together with new estimates of the wealth‐specific rate of return on wealth, this study estimates a plausible minimum level of the amount of inherited wealth that is hidden. Elites conceal around 35 per cent of their inheritance. Among dynasties, this hidden wealth, independent of declared wealth, predicts appearance...
Prior to the ‘Age of Mass Migration’, Germans left central Europe to settle primarily in modern‐day Hungary, Serbia, Romania, Ukraine, and Russia. Despite the harsh conditions that the first generation of settlers had to endure, their descendants often fared better, rather than worse, compared to native population groups. This study offers a possible explanation for this surprising outcome. It makes...
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