Mass Migration, Commodity Market Integration and Real Wage Convergence: The Late Nineteenth Century Atlantic Economy
AbstractAs part of a process that has been at work since 1850, real wages among the current OECD countries converged during the late 19th century. The convergence was pronounced as that which we have seen in the post World War Il period. This paper uses computable general equilibrium models to isolate the sources of that economic convergence by assessing the relative performance of the two most important economies in the Old World and the New -- Britain and the USA. It turns out that between 1870 and 1910, the convergence forces that mattered were those that generated by commodity price convergence, stresses by Eli Heckscher and Bertil Ohlin, and mass migration, stressed by Knut Wicksell. It turns out that offsetting forces were contributing to late 19th century divergence, a finding consistent with economic historians' traditional attention to Britain's alleged failure and America's spectacular rise to industrial supremacy. The convergence forces, however, dominated for most of the period.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Historical Working Papers with number 0048.
Date of creation: Jun 1993
Date of revision:
Note: DAE EFG
Contact details of provider:
Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
Web page: http://www.nber.org
More information through EDIRC
Other versions of this item:
- O'Rourke, K. & Williamson, J.G. & Hatton, T.J., 1993. "Mass Migration, Commodity Market Integration, and Real Wage Convergence: The Late Nineteenth Century Atlantic Economy," Harvard Institute of Economic Research Working Papers 1640, Harvard - Institute of Economic Research.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Mario Sanchez, 2003. "Internal Migration, Return Migration, and Mortality. Evidence from Panel Data on Union Army Veterans," NBER Chapters, in: Health and Labor Force Participation over the Life Cycle: Evidence from the Past, pages 203-230 National Bureau of Economic Research, Inc.
- Ó Gráda, Cormac & O'Rourke, Kevin H., 1996. "Irish economic growth since 1945," Open Access publications from University College Dublin urn:hdl:10197/412, University College Dublin.
- Hatton, Timothy J. & Wheatley Price, Stephen, 1998.
"Migration, Migrants and Policy in the United Kingdom,"
CEPR Discussion Papers
1960, C.E.P.R. Discussion Papers.
- Hatton, Timothy J. & Wheatley Price, Stephen, 1999. "Migration, Migrants and Policy in the United Kingdom," IZA Discussion Papers 81, Institute for the Study of Labor (IZA).
- Joanna Wolszczak-Derlacz, 2009. "Does migration lead to economic convergence in an enlarged European market?," Bank i Kredyt, National Bank of Poland, Economic Institute, vol. 40(4), pages 71-87.
- Coulombe, Serge & Lee, Frank C., 1998. "Évolution à long terme de la convergence régionale au Canada," L'Actualité Economique, Société Canadienne de Science Economique, vol. 74(1), pages 5-27, mars.
- Joshua L. Rosenbloom, 1996. "The Extent of the Labor Market in the United States, 1850-1914," NBER Historical Working Papers 0078, National Bureau of Economic Research, Inc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ().
If references are entirely missing, you can add them using this form.