Author:
Lindert Peter H.,Williamson Jeffrey G.
Abstract
Building social tables in the tradition of Gregory King, we develop new estimates suggesting that between 1774 and 1800 American incomes fell in real per capita terms. The colonial South was richer than the North at the start, but was already beginning to lose its income lead by 1800. We also find that free American colonists had much more equal incomes than did households in England and Wales. The colonists had greater purchasing power than their English counterparts over all of the income ranks except in the top percent.
Publisher
Cambridge University Press (CUP)
Subject
Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics,History
Reference88 articles.
1. Lindert Peter H. , and Williamson Jeffrey G. . “American Incomes, 1774–1860.” NBER Working Paper No. 18396 Cambridge, MA, September 2012.
2. Strategic Wage Goods, Prices, and Inequality;Williamson;American Economic Review,March 1977
3. The Emergence of a Capital Market in Rural Massachusetts, 1730–1838
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