American Incomes Before and After the Revolution

• 成果类型: Article
• 署名作者: University of California System; University of California Davis; Harvard University; University of Wisconsin System; University of Wisconsin Madison
• 刊物名称: JOURNAL OF ECONOMIC HISTORY
• ISSN/ISSBN: 0022-0507
• DOI: 10.1017/S0022050713000594
• 发表日期: 2013
• 页码: 725-765
• 关键词: UNITED-STATES; ECONOMIC-GROWTH; chester-county; social tables; wage rates; INEQUALITY; prices; philadelphia; product; WORKER

摘要

Building social tables in the tradition of Gregory King, we develop new estimates suggesting that between 1774 and 1800 American incomes fell in real per capita terms. The colonial South was richer than the North at the start, but was already beginning to lose its income lead by 1800. We also find that free American colonists had much more equal incomes than did households in England and Wales. The colonists had greater purchasing power than their English counterparts over all of the income ranks except in the top percent.