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Shelter From The Storm: Housing And The Industrial Revolution, 1550 1909

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  • Clark, Gregory

Abstract

Housing was a major item of English consumer expenditure. Yet little is known of its average quality or rental cost. I estimate average rents, constant-quality rents, and housing quality from 1550 to 1909. Constant-quality rents rose substantially relative to other costs of living during the Industrial Revolution. This probably explains why, despite rising real wages, housing quality appears to have declined from 1760 to 1860. There were, however, substantial quality gains in the eighteenth century prior to the Industrial Revolution. The implications of these new series for measurement of growth during the Industrial Revolution are briefly explored.

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Bibliographic Info

Article provided by Cambridge University Press in its journal The Journal of Economic History.

Volume (Year): 62 (2002)
Issue (Month): 02 (June)
Pages: 489-511

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Handle: RePEc:cup:jechis:v:62:y:2002:i:02:p:489-511_00

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Cited by:
  1. Gregory Clark & Gillian Hamilton, 2006. "Survival of the Richest: The Malthusian Mechanism in Pre-Industrial England," Working Papers 615, University of California, Davis, Department of Economics.
  2. Eichholtz, Piet & Straetmans, Stefan & Theebe, Marcel, 2012. "The Amsterdam rent index: The housing market and the economy, 1550–1850," Journal of Housing Economics, Elsevier, Elsevier, vol. 21(4), pages 269-282.
  3. Gregory Clark, 2006. "What made Britannia great? Did the Industrial Revolution make Britain a World Power?," Working Papers 618, University of California, Davis, Department of Economics.

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  1. Historical Economic Geography

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