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American Incomes before and after the Revolution

  • Peter H. Lindert
  • Jeffrey G. Williamson

Building social tables in the tradition of Gregory King, we develop new estimates suggesting that between 1774 and 1800 American incomes fell in real per capita terms. The colonial South was richer than the North at the start, but was already beginning to lose its income lead by 1800. We also find that free American colonists had much more equal incomes than did households in England and Wales. The colonists also had greater purchasing power than their English counterparts over all of the income ranks except in the top few percent.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 17211.

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Date of creation: Jul 2011
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Publication status: published as Peter H. Lindert and Jeffrey G. Williamson. “American Incomes before and after the Revolution”. Forthcoming Journal of Economic History. Earlier version: NBER working paper 17211 (2011; revised February 2013).
Handle: RePEc:nbr:nberwo:17211
Note: DAE
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