English, Article, Journal or magazine article edition: Pessimism Preserved: Real Wages in the British Industrial Revolution Robert Allen

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Bookmark: http://trove.nla.gov.au/version/20978
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Pessimism Preserved: Real Wages in the British Industrial Revolution
Author
  • Robert Allen
Physical Description
  • preprint
Notes
  • The paper compares Feinstein`s and Clark`s consumer price and real wage indices for the British industrial revolution. The sources for their weights and component price series are evaluated. While some of Clark`s innovations are improvements, many of his changes degrade the price index. A new price index is developed using the best components of Clark`s and Feinstein`s. This index is much closer to Feinstein`s than to Clark`s. The implied 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.
  • Real Wage, Consumer Price Index, Inequality, Industrial Revolution
  • RePEc:oxf:wpaper:314
Language
  • English
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