The Condition of the Working-Class in England, 1209-2004
AbstractThe paper uses building workers’ wages 1209-2004, 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 1640 actually was the break from the technological stagnation of the Malthusian era, long before the classic Industrial Revolution and even the arrival of modern democracy in 1689. Building wages also conflict with human capital interpretations of the Industrial Revolution, as modeled by Becker et al. (1990), Galor and Weil (2000) and Lucas (2002). Human capital accumulation began when the rewards for skills were unchanged, and when fertility was increasing.
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Bibliographic InfoPaper provided by University of California, Davis, Department of Economics in its series Working Papers with number 539.
Date of creation: 01 Sep 2005
Date of revision:
human capital; industrial;
Other versions of this item:
- Gregory Clark, 2005. "The Condition of the Working Class in England, 1209-2004," Journal of Political Economy, University of Chicago Press, vol. 113(6), pages 1307-1340, December.
- J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
- N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
- N50 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - General, International, or Comparative
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
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