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The Condition of the Working Class in England, 1209-2004 Author info | Abstract | Publisher info | Download info | Related research | Statistics Gregory Clark
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I use building workers' wages for 12092004 and the skill premium to consider the causes and consequences of the Industrial Revolution. Real wages were trendless before 1800, as would be predicted for the Malthusian era. Comparing wages with population, however, suggests that the break from the technological stagnation of the Malthusian era came around 1640, long before the classic Industrial Revolution, and even before the arrival of modern democracy in 1689. Building wages also conflict with human capital interpretations of the Industrial Revolution, as modeled by Gary Becker, Kevin Murphy, and Robert Tamura; Oded Galor and David Weil; and Robert Lucas. Human capital accumulation began when the rewards for skills were unchanged and when fertility was increasing.
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Article provided by University of Chicago Press in its journal Journal of Political Economy .
Volume (Year): 113 (2005)
Issue (Month): 6 (December)
Pages: 1307-1340
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Handle: RePEc:ucp:jpolec:v:113:y:2005:i:6:p:1307-1340Contact details of provider: Postal: The University of Chicago Press, Journals Division, P.O. Box 37005 Chicago, IL 60637 Fax: (773) 753-0811 Email: Web page: http://www.journals.uchicago.edu/JPE/home.html
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