Prices, wages and living standards in Spain in the modern era

Zegarra L.F. · Revista de Historia Economica - Journal of Iberian and Latin American Economic History (2024) · DOI: 10.1017/s0212610924000107

Resumen

This study relies on a linear programming model to estimate welfare ratios in Spain between 1600 and 1800. This method is used to find the food basket that guaranteed the intake of basic nutrients at the lowest cost. The estimates show that working families in Toledo had higher welfare ratios than in those in Barcelona. In addition, the welfare ratios of Spain were always below those of London and Amsterdam. The divergence between Northern Europe and Spain started before the Industrial Revolution and increased over time. Copyright © The Author(s), 2024. Published by Cambridge University Press on behalf of Instituto Figuerola de Historia y Ciencias Sociales, Universidad Carlos III de Madrid.

Instituciones: Pontificia Universidad Católica del Perú