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Origins of Europe's north-south divide: Population changes, real wages and the 'little divergence' in early modern Europe

Fochesato, Mattia. (2018) Origins of Europe's north-south divide: Population changes, real wages and the 'little divergence' in early modern Europe. Explorations in economic history, 70. pp. 91-131.

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Official URL: https://edoc.unibas.ch/67444/

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Abstract

In this paper, I investigate the "little divergence" of late medieval and early modern Europe, focusing on the long run response of real wages to demographic changes. Through a quantitative analysis of the 14th-18th centuries series of real wages and population shocks in fourteen European cities, I find that in four north-western cities (Amsterdam, Antwerp, London, and Oxford) the urban real wages were detached from population before the Industrial Revolution , while, in the central and southern Europe wages had a moderate or negative response to population changes. In addition, I show that this different response dates back to the 16th century. I claim, that these two results support three possibly non alternative interpretations of the "little divergence", either based on changes of fertility regimes, rural and urban labor organizations, or on the onset, in early modern north-western Europe, of non strictly Malthusian growth mechanisms.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Ehemalige Einheiten Wirtschaftswissenschaften > Quantitative Wirtschaftsgeschichte/Cliometrie (Fochesato)
UniBasel Contributors:Fochesato, Mattia
Item Type:Article, refereed
Article Subtype:Research Article
Publisher:Elsevier
ISSN:0014-4983
Note:Publication type according to Uni Basel Research Database: Journal article
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Last Modified:27 Dec 2018 13:29
Deposited On:27 Dec 2018 13:29

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