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Wages and standards of living in the 19th century from a comparative perspective. Consumption basket, Bare Bone Basket and welfare ratio in Buenos Aires, 1825–1849

Author

Listed:
  • Jorge Gelman

    (Instituto Ravignani – UBA/CONICET, Argentina)

  • Daniel Santilli

    (Instituto Ravignani – UBA, Argentina)

Abstract

Thus far, there is not one single consumption basket of Buenos Aires for the whole 19th century. The available series cover from the 18th century until 1810 and between the latter decades of the 19th century and the early 20th century. Most of the 19th century remains uncovered although research on prices of specific goods has advanced recently. In this article we construct two consumer baskets, based on primary sources from Buenos Aires archives: a Bare Bone Basket and a ‘respectable’ basket, according to Allen's denominations. Furthermore, through the calculation of the welfare ratio for those baskets, this study aims to achieve a better assessment of the urban and rural wages and real income of the population of Buenos Aires during this period. KEY Classification-JEL: N36. N010. N96. N010

Suggested Citation

  • Jorge Gelman & Daniel Santilli, 2018. "Wages and standards of living in the 19th century from a comparative perspective. Consumption basket, Bare Bone Basket and welfare ratio in Buenos Aires, 1825–1849," Investigaciones de Historia Económica - Economic History Research (IHE-EHR), Journal of the Spanish Economic History Association, Asociación Española de Historia Económica, vol. 14(02), pages 94-106.
    • Handle: RePEc:ahe:invest:v:14:y:2018:i:02:p:94-106
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    Citations

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    Cited by:

    1. Llorca-Jaña, Manuel & Navarrete-Montalvo, Juan & Droller, Federico & Araya-Valenzuela, Roberto, 2018. "Height in eighteenth-century Chilean men: Evidence from military records, 1730–1800s," Economics & Human Biology, Elsevier, vol. 29(C), pages 168-178.
    2. Edwyna Harris & Sumner La Croix, 2019. "Prices, Wages, and Welfare in Early Colonial South Australia, 1836-1850," Monash Economics Working Papers 07-19, Monash University, Department of Economics.
    3. Luis Felipe Zegarra, 2020. "Living Costs and Real Wages in Nineteenth Century Lima: Levels and International Comparisons," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 60(2), pages 186-219, July.

    More about this item

    Keywords

    Cesta. Bienestar. Precios. Salarios;

    JEL classification:

    • N36 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Latin America; Caribbean
    • N96 - Economic History - - Regional and Urban History - - - Latin America; Caribbean

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