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Wages, prices, and living standards in China, 1738-1925: in comparison with Europe, Japan, and India

Allen, Robert C. , Bassino, Jean-Pascal, Ma, Debin, Moll-Murata, Christine and van Zanden, Jan Luiten (2011) Wages, prices, and living standards in China, 1738-1925: in comparison with Europe, Japan, and India. Economic History Review, 64 (s1). pp. 8-38. ISSN 1468-0289

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Abstract

This article develops data on the history of wages and prices in Beijing, Canton, and Suzhou/Shanghai in China from the eighteenth century to the twentieth, and compares them with leading cities in Europe, Japan, and India in terms of nominal wages, the cost of living, and the standard of living. In the eighteenth century, the real income of building workers in Asia was similar to that of workers in the backward parts of Europe but far behind that in the leading economies in north-western Europe. Real wages stagnated in China in the eighteenth and early nineteenth centuries and rose slowly in the late nineteenth and early twentieth, with little cumulative change for 200 years. The income disparities of the early twentieth century were due to long-run stagnation in China combined with industrialization in Japan and Europe.

Item Type: Article
Official URL: http://onlinelibrary.wiley.com/journal/10.1111/(IS...
Additional Information: © 2011 Economic History Association
Library of Congress subject classification: D History General and Old World > DS Asia
H Social Sciences > HC Economic History and Conditions
Sets: Departments > Economic History
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 10 Feb 2011 10:14
URL: http://eprints.lse.ac.uk/32403/

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