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When did England overtake Italy? Medieval and early modern divergence in prices and wages

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  • Paolo Malanima

Abstract

According to Allen, between 1500 and 1750, a 'great divergence' among countries in the level of wages occurred in Europe. Italian real wages were already among the lowest in the late medieval and early modern age. Their relative level diminished even more from the seventeenth century. An analysis of prices and wages in Italy and England does not support this view. Actually, until the beginning of the eighteenth century, Italian real wages were either higher than in England (fourteenth and fifteenth centuries) or more or less equal (sixteenth and seventeenth). It was not until the eighteenth century that England began to overtake Italy. However, the disparity in wages before 1800 was modest. It increased fast from then onwards. Copyright , Oxford University Press.

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  • Paolo Malanima, 2013. "When did England overtake Italy? Medieval and early modern divergence in prices and wages," European Review of Economic History, Oxford University Press, vol. 17(1), pages 45-70, February.
  • Handle: RePEc:oup:ereveh:v:17:y:2013:i:1:p:45-70
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    File URL: http://hdl.handle.net/10.1093/ereh/hes022
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    Citations

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    Cited by:

    1. Adrian R. Bell & Chris Brooks & Tony K. Moore, 2017. "Did Purchasing Power Parity Hold in Medieval Europe?," Manchester School, University of Manchester, vol. 85(6), pages 682-709, December.
    2. Ernesto López Losa & Santiago Piquero Zarauz, 2016. "Spanish real wages in the Northern-Western European mirror, 1500-1800. On the timings and magnitude of the Little Divergence in Europe," Documentos de Trabajo (DT-AEHE) 1607, Asociacion Espa–ola de Historia Economica.
    3. Bruno Chiarini & Elisabetta Marzano, 2014. "Urbanization and Growth: Why Did the Splendor of the Italian Cities in the Sixteenth Century not Lead to Transition?," CESifo Working Paper Series 5038, CESifo Group Munich.
    4. Erdkamp, Paul, 2016. "Economic growth in the Roman Mediterranean world: An early good-bye to Malthus?," Explorations in Economic History, Elsevier, vol. 60(C), pages 1-20.
    5. Andrés Calderón-Fernández & Héctor García-Montero & Enrique Llopis-Agelán, 2017. "New research guidelines for living standards, consumer baskets, and prices in Madrid and Mexico," Working Papers 097, "Carlo F. Dondena" Centre for Research on Social Dynamics (DONDENA), Università Commerciale Luigi Bocconi.
    6. repec:spr:cliomt:v:11:y:2017:i:3:d:10.1007_s11698-016-0154-5 is not listed on IDEAS
    7. Nikolaj Malinowski & Jan Luiten van Zanden, 2015. "National income and its distribution in preindustrial Poland in a global perspective," Working Papers 0076, European Historical Economics Society (EHES).
    8. Francisco Pino & Jordi Vidal-Robert, 2014. "Habemus Papam ?Polarization and Conflict in the Papal States," Working Papers ECARES ECARES 2014-27, ULB -- Universite Libre de Bruxelles.
    9. Mikolaj Malinowski, 2013. "East of Eden: Polish living standards in a European perspective, ca. 1500-1800," Working Papers 0043, Utrecht University, Centre for Global Economic History.
    10. Jaime Reis, 2016. "The Gross Agricultural Output of Portugal: A Quantitative, Unified Perspective, 1500-1850," Working Papers 0098, European Historical Economics Society (EHES).

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