@unpublished{Kumar2016,
  title = {Capital and the Hindu Rate of Growth: Top Indian Wealth Holders 1961\textendash 1986},
  author = {Kumar, Rishabh},
  year = {2016},
  url = {https://ideas.repec.org/p/new/wpaper/1608.html},
  abstract = {Did India's stagnant growth performance until the 1980s increase or decrease the wealth of the elite? Using estate tax data I compute a series which highlights the relative importance of top wealth holders in India between 1961-1986. I find that a combination of policies and shocks were able to significantly depress the personal wealth of the Top 0.1\% over this period. A portfolio decomposition by asset categories for the rich reveals that there was a U shaped trend in the average value of movable assets while wealth invested in land significantly declined. Disparity within top wealth groups also follows a shrinking and swelling, consistent with the intervention of the state in private capital. These results have implications for the equalizing forces inherent in tax policy vis-a-vis the rich and the role of the state in regulating capital in poor nations.},
  keywords = {Determinants of Wealth and Wealth Inequality,{Estate, Inheritance, and Gift Taxes},Trends in Aggregate Wealth and Wealth Inequality,Wealth Taxation},
  note = {Unpublished manuscript}
}

{"_id":"7YgnXMo729i574ays","bibbaseid":"kumar-capitalandthehindurateofgrowthtopindianwealthholders19611986-2016","author_short":["Kumar, R."],"bibdata":{"bibtype":"unpublished","type":"unpublished","title":"Capital and the Hindu Rate of Growth: Top Indian Wealth Holders 1961– 1986","author":[{"propositions":[],"lastnames":["Kumar"],"firstnames":["Rishabh"],"suffixes":[]}],"year":"2016","url":"https://ideas.repec.org/p/new/wpaper/1608.html","abstract":"Did India's stagnant growth performance until the 1980s increase or decrease the wealth of the elite? Using estate tax data I compute a series which highlights the relative importance of top wealth holders in India between 1961-1986. I find that a combination of policies and shocks were able to significantly depress the personal wealth of the Top 0.1% over this period. A portfolio decomposition by asset categories for the rich reveals that there was a U shaped trend in the average value of movable assets while wealth invested in land significantly declined. Disparity within top wealth groups also follows a shrinking and swelling, consistent with the intervention of the state in private capital. These results have implications for the equalizing forces inherent in tax policy vis-a-vis the rich and the role of the state in regulating capital in poor nations.","keywords":"Determinants of Wealth and Wealth Inequality,Estate, Inheritance, and Gift Taxes,Trends in Aggregate Wealth and Wealth Inequality,Wealth Taxation","note":"Unpublished manuscript","bibtex":"@unpublished{Kumar2016,\n title = {Capital and the Hindu Rate of Growth: Top Indian Wealth Holders 1961\\textendash 1986},\n author = {Kumar, Rishabh},\n year = {2016},\n url = {https://ideas.repec.org/p/new/wpaper/1608.html},\n abstract = {Did India's stagnant growth performance until the 1980s increase or decrease the wealth of the elite? Using estate tax data I compute a series which highlights the relative importance of top wealth holders in India between 1961-1986. I find that a combination of policies and shocks were able to significantly depress the personal wealth of the Top 0.1\\% over this period. A portfolio decomposition by asset categories for the rich reveals that there was a U shaped trend in the average value of movable assets while wealth invested in land significantly declined. Disparity within top wealth groups also follows a shrinking and swelling, consistent with the intervention of the state in private capital. These results have implications for the equalizing forces inherent in tax policy vis-a-vis the rich and the role of the state in regulating capital in poor nations.},\n keywords = {Determinants of Wealth and Wealth Inequality,{Estate, Inheritance, and Gift Taxes},Trends in Aggregate Wealth and Wealth Inequality,Wealth Taxation},\n note = {Unpublished manuscript}\n}\n\n","author_short":["Kumar, R."],"key":"Kumar2016","id":"Kumar2016","bibbaseid":"kumar-capitalandthehindurateofgrowthtopindianwealthholders19611986-2016","role":"author","urls":{"link":"https://ideas.repec.org/p/new/wpaper/1608.html"},"keyword":["Determinants of Wealth and Wealth Inequality","Estate","Inheritance","and Gift Taxes","Trends in Aggregate Wealth and Wealth Inequality","Wealth Taxation"],"metadata":{"authorlinks":{}},"downloads":5},"bibtype":"unpublished","biburl":"https://bibbase.org/f/nKAPSyp34A9azBzJd/GCWealthProject_WealthResearchLibrary.bib","dataSources":["Ehs2RwEzf4bZfKzK4","ya2CyA73rpZseyrZ8","cJJHdqh9t5tR5wpLH","F3pGsndC3BMm5kzaE","t77TCZsnrGgyo6dsY","BCPeddFnrLq82SA2k","2w2tCMfz9tagnuYcn","grHFPbjkekLtP8Rd5","reZhxJTZLXbC6Xb4R","CievPB5mG8TuzbbZ3","XqKxryftLF3GWq6cY","M7of5cge3GPiYqZve","PZFBspX8PwJz5LKpx","ve96mwrzCBBzfBff6","zu77p3c7mn9doiv7C","rGyABhQGe9pcQ9R2W","7X2xHQTrKka5yPvuD","gktz2DotJNwWxzBjM","s55XALJsj7pSgkAJ5","6TRStm8krC6i2nGYe","yda7rYQnmKoN94xAr","hHZFQp7q53h3BYKe8"],"keywords":["determinants of wealth and wealth inequality","estate","inheritance","and gift taxes","trends in aggregate wealth and wealth inequality","wealth taxation"],"search_terms":["capital","hindu","rate","growth","top","indian","wealth","holders","1961","1986","kumar"],"title":"Capital and the Hindu Rate of Growth: Top Indian Wealth Holders 1961– 1986","year":2016,"downloads":5}