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A Window to the Past: Living Standards in Historical Perspective

In: Handbook of Cliometrics

Author

Listed:
  • Leticia Arroyo Abad

    (City University of New York & CEPR)

  • Kathryn Gary

    (Lund University)

Abstract

Real wages are a convenient, useful, and powerful way to learn how life was like in the past. In this chapter we start by reviewing the methodology behind real wage estimations and their history. Then we look at the how real wages have contributed to shedding light on major issues in economic history such as the onset of modern economic growth, the Great Divergence, and colonialism in the Americas. We continue to explain the limitations and challenges in estimating and interpreting real wages.

Suggested Citation

  • Leticia Arroyo Abad & Kathryn Gary, 2024. "A Window to the Past: Living Standards in Historical Perspective," Springer Books, in: Claude Diebolt & Michael Haupert (ed.), Handbook of Cliometrics, edition 3, pages 925-949, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-35583-7_89
    DOI: 10.1007/978-3-031-35583-7_89
    as

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