Spanish subsistence wages and the Little Divergence in Europe, 1500–1800

Abstract This paper suggests an alternative view of Europe’s Little Divergence in real wages. It presents a new dataset of prices and wages for Spain and proposes a new way of measuring the cost of bare-bones subsistence. The substitution of brown-bread prices for grain prices in the baskets transfo...

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Veröffentlicht in:	European review of economic history 2021-02, Vol.25 (1), p.59-84
Hauptverfasser:	Losa, Ernesto López, Zarauz, Santiago Piquero
Format:	Artikel
Sprache:	eng
Schlagworte:	1500-1800 Grundbedürfnisse Preisniveau Reallohn Spanien Vergleich Westeuropa
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description	Abstract This paper suggests an alternative view of Europe’s Little Divergence in real wages. It presents a new dataset of prices and wages for Spain and proposes a new way of measuring the cost of bare-bones subsistence. The substitution of brown-bread prices for grain prices in the baskets transforms the scale and chronology of the divergence between North-western Europe and Spain. The results show that it began later and that unskilled subsistence wages in London and Amsterdam were significantly lower than those calculated by the canonical model, which would nuance the “high-wage” hypothesis.
doi_str_mv	10.1093/ereh/heaa005
format	Article
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source	Oxford University Press Journals All Titles (1996-Current)
subjects	1500-1800 Grundbedürfnisse Preisniveau Reallohn Spanien Vergleich Westeuropa
title	Spanish subsistence wages and the Little Divergence in Europe, 1500–1800
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