Real Wages in the British Industrial Revolution

The paper compares Feinstein’s and Clark’s consumer price and real wage indices for theBritish industrial revolution. The sources for their weights and component price series areevaluated. While some of Clark’s innovations are improvements, many of his changesdegrade the price index. A new price index is developed using the best components ofClark’s and Feinstein’s. This index is much closer to Feinstein’s than to Clark’s. Theimplied growth in real wages is also close to Feinstein’s and contradicts Clark’s ‘optimistic’view of rising working class living standards during the industrial revolution....

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Year of publication:	2007
Authors:	Allen, Robert C.
Institutions:	University <Oxford> / Department of Economics
Subject:	Preispolitik \| pricing policy \| Industrielle Revolution \| Lohn \| Verbraucher

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Extent:	173056 bytes 42 p. application/pdf
Series:	University of Oxford - Deparment of Economics - Working Paper Series DISCUSSION PAPER SERIES ; Number 314
Type of publication:	Book / Working Paper
Language:	English
Classification:	Terms and pricing policy ; Industrial management ; Individual Working Papers, Preprints ; United Kingdom
Source:	USB Cologne (business full texts)