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Differences in Regional Prices: The United States, 1851–1880

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  • Coelho, Philip R. P.
  • Shepherd, James F.

Abstract

The purpose of this paper is to examine cost-of-living differences among the various regions of the United States during a thirty-year interval of the nineteenth century. We do this by constructing regional price indexes for the years 1851–1880 using two different base years for pur calculations, 1860 and 1880. The results indicate that the cost of living differed substantially among regions, and specifically that it was lower in the American Midwest than in the East. Although one might have expected these differences among regions to narrow as regional and national markets developed and improved, we find no evidence that they did during this thirty-year period.

Suggested Citation

  • Coelho, Philip R. P. & Shepherd, James F., 1974. "Differences in Regional Prices: The United States, 1851–1880," The Journal of Economic History, Cambridge University Press, vol. 34(3), pages 551-591, September.
    • Handle: RePEc:cup:jechis:v:34:y:1974:i:03:p:551-591_07
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    Cited by:

    1. James E. CURTIS Jr., 2017. "Differences in wealth, education, and history," Journal of Social and Administrative Sciences, KSP Journals, vol. 4(4), pages 398-417, December.
    2. Stewart, James I., 2006. "Migration to the agricultural frontier and wealth accumulation, 1860-1870," Explorations in Economic History, Elsevier, vol. 43(4), pages 547-577, October.
    3. Moshe Hazan & David Weiss & Hosny Zoabi, 2019. "Women's Liberation as a Financial Innovation," Journal of Finance, American Finance Association, vol. 74(6), pages 2915-2956, December.
    4. Margo, Robert A., 1999. "Regional Wage Gaps and the Settlement of the Midwest," Explorations in Economic History, Elsevier, vol. 36(2), pages 128-143, April.

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