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Unformatted text preview: the Making of the Modern World Income Distribution,”
Quarterly Journal of Economics, 118, 1231-1294. “Princes and Merchants: European City Growth before the Industrial Revolution,” J. Bradford De Long and
Andrei Shleifer Journal of Law and Economics, Vol. 36, No. 2. (Oct., 1993), pp. 671-702. Living Standards We are interested in income per-capita because we think it connects
to human welfare.
Instead of approximating incomes, we could also try to look directly
at living standards.
One very fruitful source of information is wages. There is a lot of
historical information about the wages that people were paid and the
prices of the goods they consumed. Real wages may tell us a lot
about living standards.
Data on real wages is fairly consistent with the picture of living
standards that comes from the Maddison data. James A. Robinson (Harvard) The Emergence of Modern Economic Growth: A Comparative and Historical Analysis
September 2, 2009
6 / 19 Clark, Gregory (2005) “The Condition of the Working Class in England, 1209-2003,”
Journal of Political Economy, 113, 1307-1340. Clark, Gregory (2005) “The Condition of the Working Cla...
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