Template-Type: ReDIF-Paper 1.0
Author-Name: Gregory Clark
Author-Name-First: Gregory
Author-Name-Last: Clark
Author-Workplace-Name: Department of Economics, University of California Davis
Title: The Condition of the Working-Class in England, 1209-2004
Abstract: The paper uses building workers? wages 1209-2004, and the skill premium, toconsider the causes and consequences of the Industrial Revolution. Real wageswere trendless before 1800, as would be predicted for the Malthusian era.Comparing wages with population, however, suggests 1640 actually was thebreak from the technological stagnation of the Malthusian era, long before theclassic Industrial Revolution and even the arrival of modern democracy in 1689.Building wages also conflict with human capital interpretations of the IndustrialRevolution, as modeled by Becker et al. (1990), Galor and Weil (2000) and Lucas(2002). Human capital accumulation began when the rewards for skills wereunchanged, and when fertility was increasing.
Length: 56
File-URL: https://repec.dss.ucdavis.edu/files/qMVUnneKM138Jijmdz3ciiHF/05-39.pdf
File-Format: application/pdf
Number: 279
Classification-JEL: J31, N10, N50, O40
KeyWords: human capital, industrial
Creation-Date: 20050831
Handle: RePEc:cda:wpaper:279