The Determinants of the Wealth and Asset Holding in Nineteenth-Century Canada: Evidence from Microdata
利用19世纪末安大略省人口普查关联的遗嘱认证数据，发现财富-年龄呈驼峰形，城市化、职业、识字率、子女数和居住地是财富持有的关键决定因素，并指出安大略与魁北克在储蓄行为上的差异影响了工业化进程。
Wealth and asset holding in late-nineteenth-century Ontario are examined using a new data set of census-linked probated decedents. Hump-shaped wealth-age profiles are found, supporting the importance of demographic and life cycle forces in late-nineteenth-century financial asset accumulation. With financial asset holding more pronounced in Ontario than Quebec, the implication for Canadian economic development is that the differences in capital formation and industrialization across Ontario and Quebec are partly rooted in saving behavior. The results show that urbanization, occupational status, literacy, the number of children, and region of residence are important determinants of wealth and asset holding.