Real Urban Wage in an Agricultural Economy Without Landless Farmers: Serbia 1862-1910

, Stone Center, Boško Mijatović and Branko Milanovic
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, Stone Center: The Graduate Center/CUNY

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Abstract: The paper presents the first estimate of the welfare ratio for Serbia using the 19th and early 20th century data on wages of skilled and unskilled workers (including the part paid in kind) and prices of goods that enter into “subsistence” and “respectability” consumption baskets. It finds a stagnation of unskilled wage close to the welfare ratio of 1, and a modest increase in skilled wage. The paper introduces several adjustments to conventional methodology in order to make it more relevant for predominantly agricultural societies. (Stone Center on Socio-Economic Inequality Working Paper)

Date: 2020-03-10
New Economics Papers: this item is included in nep-agr and nep-his
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Related works:
Journal Article: The real urban wage in an agricultural economy without landless farmers: Serbia, 1862–1910 (2021)
Working Paper: Real urban wage in an agricultural economy without landless farmers: Serbia, 1862-1910 (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:cafw2

DOI: 10.31219/osf.io/cafw2

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