I examine the implications of technological change for productivity, real wages and factor shares during the industrial revolution using recently available data. This shows that real GDP per worker grew faster than real consumption earnings but labour’s share of national income changed little as real product wages grew at a similar rate to labour productivity in the medium term. The period saw modest total factor productivity growth which limited the growth both of real wages and of labour productivity. Economists looking for an historical example of rapid labour-saving technological progress having a seriously adverse impact on labour’s share must look elsewhere
We develop new aggregate total factor productivity (TFP) growth estimates for the USA between 1899 a...
Using historical data for the 1700–1914 period, this paper analyses the nature and direction of tech...
This paper re-examines UK productivity growth in the decades before World War I using a new dataset ...
This paper updates the classic growth accounting research of the early 1980s taking account of impro...
This paper updates the classic growth accounting research of the early 1980s taking account of impro...
This paper updates the classic growth accounting research of the early 1980s taking account of impro...
Recent research relating to productivity growth during the British industrial revolution is reviewed...
This paper presents new estimates of total factor productivity growth in Britain for the period 1770...
Estimates of historical workers' annual incomes suffer from the fundamental problem that they are in...
We develop new aggregate TFP growth estimates for the United States between 1899 and 1941, and secto...
The paper reviews the macroeconomic data describing the British economy from 1760 to 1913 and shows ...
The paper reviews the macroeconomic data describing the British economy from 1760 to 1913 and shows ...
The paper reviews the macroeconomic data describing the British economy from 1760 to 1913 and shows ...
The paper reviews the macroeconomic data describing the British economy from 1760 to 1913 and shows ...
As in many European countries, labour productivity in the UK has been stagnant since the start of th...
We develop new aggregate total factor productivity (TFP) growth estimates for the USA between 1899 a...
Using historical data for the 1700–1914 period, this paper analyses the nature and direction of tech...
This paper re-examines UK productivity growth in the decades before World War I using a new dataset ...
This paper updates the classic growth accounting research of the early 1980s taking account of impro...
This paper updates the classic growth accounting research of the early 1980s taking account of impro...
This paper updates the classic growth accounting research of the early 1980s taking account of impro...
Recent research relating to productivity growth during the British industrial revolution is reviewed...
This paper presents new estimates of total factor productivity growth in Britain for the period 1770...
Estimates of historical workers' annual incomes suffer from the fundamental problem that they are in...
We develop new aggregate TFP growth estimates for the United States between 1899 and 1941, and secto...
The paper reviews the macroeconomic data describing the British economy from 1760 to 1913 and shows ...
The paper reviews the macroeconomic data describing the British economy from 1760 to 1913 and shows ...
The paper reviews the macroeconomic data describing the British economy from 1760 to 1913 and shows ...
The paper reviews the macroeconomic data describing the British economy from 1760 to 1913 and shows ...
As in many European countries, labour productivity in the UK has been stagnant since the start of th...
We develop new aggregate total factor productivity (TFP) growth estimates for the USA between 1899 a...
Using historical data for the 1700–1914 period, this paper analyses the nature and direction of tech...
This paper re-examines UK productivity growth in the decades before World War I using a new dataset ...