Real Wages and the Family: Adjusting Real Wages to Changing Demography in Pre-Modern England
Real Wages and the Family: Adjusting Real Wages to Changing Demography in Pre-Modern England
复制标题
实际工资和家庭:根据前现代英格兰人口结构的变化调整实际工资
DOI:
10.1016/j.eeh.2012.08.001
复制
发表时间:
2012
影响因子:
2.3
通讯作者:
Eric B. Schneider
中科院分区:
文献类型:
--
作者:
Eric B. Schneider
This paper uses demographic data drawn from Wrigley et al.'s (1997) family reconstitutions of 26 English parishes to adjust Allen's (2001) real wages to the changing demography of early modern England. Using parity progression ratios (a fertility measure) and age specific mortality for children and parents, model families are predicted in two reference periods 1650–1700 and 1750–1800. These models yield two levels of interesting results. At the individual family level, we can measure how different families' real wages changed over the family life cycle as additional children were born. At the aggregate level, we can predict thousands of families using Monte Carlo simulation, creating a realistic distribution of median family real wages in the economy. There are two main findings. First, pregnancy and lactation do not create cyclical effects in the family's income. Instead, most families' welfare ratios decline steadily across the family life cycle until children begin to leave the household, increasing the welfare ratios. Second, Allen's real wages understate or match the median of the predicted demography-adjusted distributions.