TY - JOUR
AU - Zarauz, Santiago Piquero
AB - This paper suggests an alternative view of Europe’s Little Divergence in real wages. It presents a new dataset of prices and wages for Spain and proposes a new way of measuring the cost of bare-bones subsistence. The substitution of brown-bread prices for grain prices in the baskets transforms the scale and chronology of the divergence between North-western Europe and Spain. The results show that it began later and that unskilled subsistence wages in London and Amsterdam were significantly lower than those calculated by the canonical model, which would nuance the “high-wage” hypothesis.
TI - Spanish subsistence wages and the Little Divergence in Europe, 1500–1800
JO - The European Review of Economic History
DO - 10.1093/ereh/heaa005
DA - 2020-07-29
UR - https://www.deepdyve.com/lp/oxford-university-press/spanish-subsistence-wages-and-the-little-divergence-in-europe-1500-1kJYqtX01k
SP - 59
EP - 84
VL - 25
IS - 1
DP - DeepDyve
ER -