STATISTICS FOR GERMANY 1870-1908 FURNISHED BY THE CENTRALVERBAND DES DEUTSCHEN BANK- UND BANKIERGEWERBES AND THE DEUTSCHE OEKONOMIST Digitized for FRASER http://fraser.stlouisfed.org/…

Supplementary graphs & material (not shown during lecture) Computing inheritance flow Bt/Yt = µt mt Wt/Yt ▪ Wt/Yt = aggregate wealth/income ratio ▪ mt = aggregate…

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Supplementary graphs & material (not shown during lecture) Computing inheritance flow Bt/Yt = µt mt Wt/Yt ▪ Wt/Yt = aggregate wealth/income ratio ▪ mt = aggregate…