Becker, Ann-Kristin; Hornung, Erik - 2025 - This version: November 1, 2025
Industrialization boosts aggregate incomes, but its distributional effects remain debated. We study the impact of coal …-driven industrialization on unskilled labor incomes using novel panel data on wages from 667 Prussian localities (1800-1879), extended with …-study designs, we find that wage gains in coal-rich regions emerged once industrialization accelerated in the 1850s and continued to …