EconPapers    
Economics at your fingertips  
 

Relative costs of living, for richer and poorer, 1688–1914

Vincent Geloso and Peter Lindert

Cliometrica, 2020, vol. 14, issue 3, No 1, 417-442

Abstract: Abstract The kinds of goods that richer and poorer households consumed differed more strongly in the past than today. Movements in the relative prices of luxury goods versus staples caused the real inequality to oscillate in ways missed by the usual historiography of (nominal) inequality. On both sides of the North Atlantic and in Australia, real inequality rose substantially less in 1800–1914 than the literature on nominal inequality has revealed. The reasons for this relate to the relative decline of food prices, rural–urban price gaps, and the delayed rise of luxury service prices, especially after 1850. Throughout these centuries, the North Americans enjoyed lower living costs than their counterparts in England.

Keywords: Real inequality; Price-index; Inequality (search for similar items in EconPapers)
JEL-codes: N16 N30 D60 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s11698-019-00197-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:cliomt:v:14:y:2020:i:3:d:10.1007_s11698-019-00197-8

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/11698

DOI: 10.1007/s11698-019-00197-8

Access Statistics for this article

Cliometrica is currently edited by Claude Diebolt

More articles in Cliometrica from Springer, Cliometric Society (Association Francaise de Cliométrie) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2021-05-04
Handle: RePEc:spr:cliomt:v:14:y:2020:i:3:d:10.1007_s11698-019-00197-8