The Costs of Doing Hard Time: A penitentiary-based regional price index for Canada, 1883-1923
We construct consumer price indices for Canada, mainly based on the expenditure records of Canada's federal penitentiaries. Regional price variation was much greater in Canada in the late nineteenth century than in the northern U.S. The new data suggest substantial price decline to 1900. Regional price variation in Canada decreased gradually to 1914, and quickly during the First World War. For 1900-14 and 1922-3, new data are largely consistent with consumer price data compiled by The Labour Gazette. The new data suggest more inflation during the First World War.
|Date of creation:||May 2005|
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- Michael R. Haines, 1989. "A State and Local Consumer Price Index for the United States in 1890," NBER Historical Working Papers 0002, National Bureau of Economic Research, Inc.
- 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.
- Lloyd G. Reynolds, 1938. "The Canadian Baking Industry: A Study of an Imperfect Market," The Quarterly Journal of Economics, Oxford University Press, vol. 52(4), pages 659-678.
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