TY  - JOUR
AU  - Galenson,David W.
AU  - Pope,Clayne L.
TI  - Precedence and Wealth: Evidence from Nineteenth Century Utah
JF  - National Bureau of Economic Research Historical Working Paper Series
VL  - No. 22
PY  - 1991
Y2  - February 1991
UR  - http://www.nber.org/papers/h0022
L1  - http://www.nber.org/papers/h0022.pdf
N1  - Author contact info:
David Galenson
Department of Economics
University of Chicago
1126 East 59th Street
Chicago, IL  60637
Tel: 773/702-8258
Fax: 773/702-8490
E-Mail: galenson@uchicago.edu

Clayne L. Pope
Department of Economics
184 Faculty Office Building
Brigham Young University
Provo, UT  84602-5535
Tel: 801/422-4740
Fax: 801/422-0194
E-Mail: clayne_pope@byu.edu
M1  - published as David W. Galenson, Clayne L. Pope. "Precedence and Wealth: Evidence from Nineteenth-Century Utah," in Claudia Goldin and Hugh Rockoff, editors, "Strategic Factors in Nineteenth Century American Economic History: A Volume to Honor Robert W. Fogel" University of Chicago Press (1992)

AB  - Earlier work has established a strong positive relationship between a household's wealth and its duration in the local economy. This paper explores the possible connection between the magnitude of this wealth/duration relationship and the community's precedence rate--the percentage of households in a given year (1870) present in the same locale in an earlier year (1860). We hypothesize that a low precedence rate will be associated with a high return to the household's duration in the local economy, controlling for the size of the local population. This hypothesis is tested and tentatively confirmed for the counties of Utah in 1870. We also find that a low precedence rate is associated with increased inequality.
ER  -