American Incomes before and after the Revolution / Peter H. Lindert, Jeffrey G. Williamson.

Format:

Book

Author/Creator:

Lindert, Peter H.

Contributor:

National Bureau of Economic Research.

Williamson, Jeffrey G.

Series:

Working Paper Series (National Bureau of Economic Research) no. w17211.

NBER working paper series no. w17211

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2011.

Summary:

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 also had greater purchasing power than their English counterparts over all of the income ranks except in the top few percent.

Notes:

Print version record

July 2011.