Pessimism Preserved: Real Wages in the British Industrial Revolution
The paper compares Feinstein`s and Clark`s consumer price and real wage indices for the British industrial revolution. The sources for their weights and component price series are evaluated. While some of Clark`s innovations are improvements, many of his changes degrade the price index. A new price index is developed using the best components of Clark`s and Feinstein`s. This index is much closer to Feinstein`s than to Clark`s. The implied growth in real wages is also close to Feinstein`s and contradicts Clark`s `optimistic` view of rising working class living standards during the industrial revolution.
|Date of creation:||01 Apr 2007|
|Contact details of provider:|| Postal: Manor Rd. Building, Oxford, OX1 3UQ|
Web page: https://www.economics.ox.ac.uk/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John Komlos, 1993.
"The secular trend in the biological standard of living in the United Kingdom, 1730-1860,"
Economic History Review,
Economic History Society, vol. 46(1), pages 115-144, 02.
- John Komlos, "undated". "The Secular Trend in the Biological Standard of Living in the United Kingdom, 1730-1860," Articles by John Komlos 19, Department of Economics, University of Munich.
- Crafts, N. F. R., 1982. "Regional price variations in England in 1843: An aspect of the standard-of-living debate," Explorations in Economic History, Elsevier, vol. 19(1), pages 51-70, January.
- Allen, Robert C., 2000. "Economic structure and agricultural productivity in Europe, 1300 1800," European Review of Economic History, Cambridge University Press, vol. 4(01), pages 1-25, April.
- Clark, Gregory, 1998. "Renting The Revolution," The Journal of Economic History, Cambridge University Press, vol. 58(01), pages 206-210, March.
- Allen, Robert C., 2001. "The Great Divergence in European Wages and Prices from the Middle Ages to the First World War," Explorations in Economic History, Elsevier, vol. 38(4), pages 411-447, October.
- Crafts, N. F. R., 1985. "English Workers' Real Wages During the Industrial Revolution: Some Remaining Problems," The Journal of Economic History, Cambridge University Press, vol. 45(01), pages 139-144, March.
- Horrell, Sara, 1996. "Home Demand and British Industrialization," The Journal of Economic History, Cambridge University Press, vol. 56(03), pages 561-604, September.
- Gregory Clark, 2001. "Farm Wages and Living Standards in the Industrial Revolution: England,1670–1869[This resea]," Economic History Review, Economic History Society, vol. 54(3), pages 477-505, 08.
- Clark, Gregory, 1998. "Commons Sense: Common Property Rights, Efficiency, and Institutional Change," The Journal of Economic History, Cambridge University Press, vol. 58(01), pages 73-102, March. Full references (including those not matched with items on IDEAS)