Trends in real wage rates, 1750-1790: a reply to Hunt and Botham.
In: Economic History Review, Jg. 43 (1990-02-01), Heft 1, S. 90-98
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Zugriff:
The article presents a comment on an article about the trends in real wage rates in England from 1750 to 1790. Researchers E.H. Hunt and F.W. Botham stress that a handful of good data may well be worth more than a roomful of econometric produce emerging from worse data, and have accordingly taken up arms against a new orthodoxy. According to the author, if there should turn out to be extensive evidence of growth in real incomes per head in many parts of England between 1750 and 1790 then the macro-economic data will need correction, or alternatively, the depression in real wages in other areas must have been very considerable. It would not be surprising to see considerable regional divergence in real wage rates during a period of rapid economic development, and there is no compelling reason to expect national averages to be particularly meaningful during the industrial revolution. There was a recovery in the 1770s in much of England, before real wage rates began falling again in the 17903. But much more needs to be discovered before firm conclusions can be reached. The present examples are insufficient to enable extensive generalization.
Titel: |
Trends in real wage rates, 1750-1790: a reply to Hunt and Botham.
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Autor/in / Beteiligte Person: | Schwarz, L. D. |
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Zeitschrift: | Economic History Review, Jg. 43 (1990-02-01), Heft 1, S. 90-98 |
Veröffentlichung: | 1990 |
Medientyp: | academicJournal |
ISSN: | 0013-0117 (print) |
DOI: | 10.2307/2596515 |
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