Trends in real wages in Denmark since the Late Middle Ages

Kim Abildgren

Historical Methods: A Journal of Quantitative and Interdisciplinary History, 2017, vol. 50, issue 2, 67-78

Abstract: This article constructs long-span time series indices on wages in Denmark and explores the growth in living standards in the pre-industrial era. There were several persistent upward and downward trends in real annual earnings from 1500 to 1820, but no clear upward long-term trend. This finding seems hard to reconcile with Maddison's figure for the average annual growth in real GDP per capita in Denmark (0.17%) over the same period. This is the case, even if the growth rate in pre-industrial annual earnings is underestimated by 0.05%–0.06% per annum due to an increased number of working days.

Date: 2017
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DOI: 10.1080/01615440.2016.1237862

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