| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14762 |
| DP14762 Slow Real Wage Growth during the Industrial Revolution: Productivity Paradox or Pro-Rich Growth? | |
| Nicholas Crafts | |
| 发表日期 | 2020-05-15 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | I examine the implications of technological change for productivity, real wages and factor shares during the industrial revolution using recently available data. This shows that real GDP per worker grew faster than real consumption earnings but labour's share of national income changed little as real product wages grew at a similar rate to labour productivity in the medium term. The period saw modest TFP growth which limited the growth both of real wages and of labour productivity. Economists looking for an historical example of rapid labour-saving technological progress having a seriously adverse impact on labour's share must look elsewhere. |
| 主题 | Economic History ; International Macroeconomics and Finance |
| 关键词 | Engels' pause Factor shares Industrial revolution Labour productivity Real wages |
| URL | https://cepr.org/publications/dp14762 |
| 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/543688 |
| 推荐引用方式 GB/T 7714 | Nicholas Crafts. DP14762 Slow Real Wage Growth during the Industrial Revolution: Productivity Paradox or Pro-Rich Growth?. 2020. |
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