Abstract
Historical studies of the real wage allow us to track the divergence in the world of economics since the Middle Ages and changes in the distribution of income during the Industrial Revolution. Before the 19th century, the real wage moved inversely to the population. Since then it has increased dramatically.
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Allen, R.C. (2018). Real Wage Rates (Historical Trends). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2168
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2168
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