Real Wages Once More: A Response to Judy Stephenson

17 Pages Posted: 5 Apr 2019

See all articles by Robert C. Allen

Robert C. Allen

University of Oxford - Nuffield College; New York University (NYU) - New York University Abu Dhabi

Date Written: May 2019

Abstract

This article examines Judy Stephenson's claim that institutional wage series such as those of Greenwich Hospital overstate the earnings of building workers by 20 to 30 per cent, and it is argued here that the conclusion is unpersuasive. Whatever adjustments to existing wage series are necessary in view of her new evidence would have no significant implications for real wages in England compared to the rest of the world. Consequently, Stephenson's findings do not call into question the high wage explanation for the industrial revolution.

Suggested Citation

Allen, Robert C., Real Wages Once More: A Response to Judy Stephenson (May 2019). The Economic History Review, Vol. 72, Issue 2, pp. 738-754, 2019, Available at SSRN: https://ssrn.com/abstract=3367109 or http://dx.doi.org/10.1111/ehr.12663

Robert C. Allen (Contact Author)

University of Oxford - Nuffield College ( email )

Oxford
United Kingdom

New York University (NYU) - New York University Abu Dhabi ( email )

PO Box 129188
Abu Dhabi
United Arab Emirates

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