Wages, Prices, and Living Standards in the Habsburg Empire, 1827–1910

Tomas Cvrcek ()

The Journal of Economic History, 2013, vol. 73, issue 1, 1-37

Abstract: This article analyses a new series of prices and wages stretching back to 1827 for the provinces of the Habsburg Empire. These real wage series are the first continuous and consistent indicator of changing living standards in this part of Europe during industrialization. They show that while the living standards stagnated throughout the monarchy prior to 1850s, the West (unlike the East) was able to launch onto a path of continuous growth in the second half of the century. The empire experienced little convergence onto the living standards of its neighbors and even internally the convergence record is mixed.

Date: 2013
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