| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11999 |
| DP11999 Unreal Wages? Real Income and Economic Growth in England, 1260-1850 | |
| Jacob Weisdorf; Jane Humphries | |
| 发表日期 | 2017-04-27 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | Existing accounts of workers’ earnings in the past suffer from the fundamental problem that annual incomes are inferred from day wages without knowing the length of the working year. We circumvent this problem by presenting a novel income series for male workers employed on annual contracts. We use evidence of labour market arbitrage to argue that existing estimates of annual incomes in England are badly off target, because they overestimate the medieval working year but underestimate the working year during the industrial revolution. Our revised income estimates suggests that modern economic growth began more than two centuries earlier than commonly thought and was driven by an early and continuing ‘Industrious Revolution’. |
| 主题 | Economic History |
| 关键词 | Industrious revolution Labour supply England Industrial revolution |
| URL | https://cepr.org/publications/dp11999 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540811 |
| 推荐引用方式 GB/T 7714 | Jacob Weisdorf,Jane Humphries. DP11999 Unreal Wages? Real Income and Economic Growth in England, 1260-1850. 2017. |
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