The Condition of the Working-Class in England, 1209-2004
The 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.
|Date of creation:||01 Sep 2005|
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"Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run,"
NBER Working Papers
7375, National Bureau of Economic Research, Inc.
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- Charles I. Jones, . "Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run," Working Papers 99008, Stanford University, Department of Economics.
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"The Gender Gap, Fertility, and Growth,"
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2000-18, Brown University, Department of Economics.
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- Lindert, Peter H. & Williamson, Jeffrey G., 1985. "English Workers' Real Wages: Reply to Crafts," The Journal of Economic History, Cambridge University Press, vol. 45(01), pages 145-153, March.
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- Frank Geary & Tom Stark, 2004. "Trends in real wages during the industrial revolution: a view from across the Irish Sea," Economic History Review, Economic History Society, vol. 57(2), pages 362-395, 05.
- Ricardo, David, 1821. "On the Principles of Political Economy and Taxation," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 3, number ricardo1821.
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