Allen, Robert; Allen, Robert C.; Murphy, Tommy E.; … - Department of Economics, Oxford University - 2011
, Philadelphia, and the Chesapeake Bay region in North America and Bogota, Mexico, and Postosi in Latin America exploring alternative … cities. We find that real wages were higher in North America than in Latin America from the very early colonial period: four … times the World Bank Poverty Line (WBPL) in North America while only two times the WBPL in Latin America. These wages place …