However the evidence is less clear elsewhere for

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: tion died, suggest real wages increased substantially afterwards. However, the evidence is less clear elsewhere. For instance, after the conquest of Mexico the indigenous population fell by possibly 90%. This ought to have led to a huge increase in real wages ... but ongoing research suggests that it did not. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and28, 2009 Analysis: L September Historical 9 / 25 Figure 11 Average Real Daily Wages for Unskilled Workers (Using average prices for the period under which each wage level was effective) 0.18 0.16 0.14 Fanegas of Maize 0.12 0.1 0.08 0.06 0.04 Source: Own Calculations based on Borah and Cook (1958) and Gibson (1964) 0.02 15 30 15 34 15 38 15 42 15 46 15 50 15 54 15 58 15 62 15 66 15 70 15 74 15 78 15 82 15 86 15 90 15 94 15 98 16 02 16 06 16 10 16 14 16 18 16 22 16 26 16 30 16 34 16 38 16 42 16 46 16 50 0 Year Source: Acemoglu, Daron, Pablo Querubín and James A. Robinson (2008) “Supply≠Demand: Population...
View Full Document

Ask a homework question - tutors are online