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

2010· article· en· 486 citations· W2237560775 on OpenAlex· 10.1111/j.1468-0289.2010.00515.x

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Opus teacher head0.023
GPT teacher head0.226
Teacher spread
0.202 · how far apart the two teachers sit on this one work
Validation status
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

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.

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The record

Venue
The Economic History Review
Topic
Historical Economic and Social Studies
Field
Economics, Econometrics and Finance
Canadian institutions
Funders
Social Sciences and Humanities Research Council of CanadaNederlandse Organisatie voor Wetenschappelijk OnderzoekNational Science Foundation
Keywords
ChinaStandard of livingBeijingIndustrialisationReal wagesEconomicsWestern europeEconomic historyEconomyGeographyDevelopment economicsLabour economicsWageInternational tradeMarket economy
Has abstract in OpenAlex
yes