Living standards in the UK at the start of the industrial revolution
|Date:||27 May 2020|
Herman de Jong and Daniel Gallardo published a paper in the European Review on Economic History on the evolution of English living standards during the early phase of industrialization (1760-1850). The paper takes a multi-dimensional perspective and applies an indicator that combines four key dimensions of well-being: material living standards, health, working time and inequality. Contrary to other composite measures of well-being, this welfare metric draws on standard economic theory to aggregate its underlying components.