Living Standards During the Industrial Revolution: An Economist's Guide

Posted: 18 Feb 2003

See all articles by Hans-Joachim Voth

Hans-Joachim Voth

University of Zurich - UBS International Center of Economics in Society; Centre for Economic Policy Research (CEPR)

Abstract

The Industrial Revolution has attracted increasing interest in the theoretical growth literature. Yet most models share few similarities with the economic events that unfolded in Britain, ca. 1750 to 1850. This paper briefly discusses a number of popular models, contrasts them with recent evidence from economic history, and summarizes five stylized facts that might usefully guide future research.

Keywords: Industrial Revolution, living standards, growth, discontinuity models, demographic transition, human capital, technological change

JEL Classification: O0, O3, N1, J1

Suggested Citation

Voth, Hans-Joachim, Living Standards During the Industrial Revolution: An Economist's Guide. American Economic Review Papers and Proceedings, Vol. 93, May 2003. Available at SSRN: https://ssrn.com/abstract=368880

Hans-Joachim Voth (Contact Author)

University of Zurich - UBS International Center of Economics in Society ( email )

Raemistrasse 71
Zuerich, 8006
Switzerland

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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