This is a replication package for "The Wealth Tax of 1942 and the Disappearance of Non-Muslim Enterprises in Turkey," published in the Journal of Economic History. Turkey imposed a controversial tax on wealth to finance the army in 1942. This tax was arbitrarily assessed and fell disproportionately on non-Muslim minorities. We study the heterogeneous impact of this tax on firms by assembling a new dataset of all enterprises in Istanbul between 1926 and 1950. We find that the tax led to the liquidation of non-Muslim-owned firms, which were older and more productive, reduced the formation of new businesses with non-Muslim owners, and replaced them with frailer Muslim-owned startups. The tax helped "nationalize" the Turkish economy but had negative implications for productivity and growth.
|Date made available||2018|
|Publisher||ICPSR - Interuniversity Consortium for Political and Social Research|
|Date of data production||Jan 1 1926 - Dec 31 1950|
|Geographical coverage||Istanbul, Turkey|