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MEXICO’S REAL WAGES IN THE AGE OF THE GREAT DIVERGENCE, 1730-1930*
Published online by Cambridge University Press: 18 March 2015
Abstract
This study builds the first internationally comparable index of real wages for Mexico City bridging the 18th and the early 20th century. Real wages started out in relatively high international levels in the mid 18th century, but declined from the late 1770s on, with some partial and temporal rebounds after the 1810s. After the 1860s, real wages recovered and eventually reached 18th-century levels in the early 20th century. Real wages of Mexico City’s workers subsequently fell behind those of high-wage economies to converge with the lower fringes of middle-wage economies. The age of the global Great Divergence was Mexico’s own age of stagnation and decline relative to the world economy.
Resumen
Este trabajo construye el primer índice de salarios reales comparable internacionalmente que comprende del siglo XVIII a principios del siglo XX. Los salarios reales se redujeron sustantivamente a partir de los 1770s, con alguna recuperación parcial y no duradera después de los 1810s. A partir de los 1860s éstos comenzaron a recuperarse para casi alcanzar hacia principios del siglo XX, los niveles de mediados del siglo XVIII. Los salarios reales de los trabajadores de la ciudad de México cayeron en relación a los de economías de salario alto, convergiendo hacia el umbral bajo de las economías de salario medio. La era de la gran divergencia, fue para México un periodo de estancamiento y declive en relación a la economía global.
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- Information
- Revista de Historia Economica - Journal of Iberian and Latin American Economic History , Volume 33 , Supplement 1 , March 2015 , pp. 83 - 122
- Copyright
- © Instituto Figuerola, Universidad Carlos III de Madrid, 2015
Footnotes
The authors are grateful for the excellent research assistance supplied by Yttzé Quijada. They have also benefited from help with data, useful advice and criticism offered by Graciela Márquez, Leticia Arroyo Abad, Ted Beatty, Andrés Calderón, John Coatsworth, Rafael Dobado, Iván Escamilla, Luis Fernando Granados, Sandra Kuntz, Carlos Marichal, Robert McCaa, Tommy Murphy, Enriqueta Quiroz, Richard Salvucci, Ernest Sánchez Santiró, Sergio Silva-Castañeda and Eric Van Young.
Department of History, Bowling Green State University, Bowling Green, OH 43403, USA [email protected]
El Colegio de México, Camino al Ajusco No. 20 Col. Pedregal de Sta. Teresa, 10740 México, D.F. [email protected]
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