Gain Immediate access to our Essays
FREE access exchanged for your work, or pay £9.99
Words: | Submitted: Mon Jun 19 2006
... items in the index. Lindert's and Williamson's findings support Flinn's conclusion that "there are relatively few indications of significant change in levels of real wages either way before 1810-14."1 But they reject Flinn's view of all real wage improvements being concentrated "into a period of only a dozen years of deflation beginning around 1813."2 Their analysis indicates almost a doubling of real wages between 1820 and 1850 and they conclude "that the average worker was much better off in any decade from the 1830s on than in any decade before 1820."3 Crafts and Mills in their 1994 article support the general view of trend growth rates for real wages being zero for the period 1750-1813, and rising afterwards, but they reject Lindert's and Williamson's estimation of 1.9 % growth per year for the period 1820-1850 and instead support a lower trend growth rate for the post Napoleanic Wars period of ...
FREE access exchanged for your work, or pay £9.99