Munro, John - University of Toronto, Department of Economics - 2002
wages and a fall in rents; and in general to rising living standards. This in turn led to a rise in relative prices for non … wages, which had been declining before the Black Death, did not rise immediately following the Black Death, did not recover … Flanders, not until the 1390s. The subsequent rise in real wages was fundamentally, if not exclusively, the consequence of …