Considering the Counterfactual: Real Wages in the First Industrial Revolution

2021 ◽  
Author(s):  
Nicholas Crafts ◽  
Terence C Mills
Keyword(s):  
Population Growth ◽  
Industrial Revolution ◽  
Structural Model ◽  
Slow Growth ◽  
Annual Rate ◽  
Real Wages ◽  
Exogenous Shocks ◽  
Economic Interactions ◽  
The Impact

Abstract We investigate a structural model of demographic-economic interactions for England during 1570 to 1850. We estimate that the annual rate of population growth consistent with constant real wages was 0.4% before 1760 but 1.5% thereafter. We find that exogenous shocks increased population growth dramatically in the early decades of the Industrial Revolution. Simulations of our model show that if these demographic shocks had occurred before the Industrial Revolution the impact on real wages would have been catastrophic and that these shocks were largely responsible for very slow growth of real wages during the Industrial Revolution.

The Impact of the Irish on British Labor Markets During the Industrial Revolution

1986 ◽  
Vol 46 (3) ◽  
pp. 693-720 ◽  
Author(s):  
Jeffrey G. Williamson
Keyword(s):  
General Equilibrium ◽  
Labor Markets ◽  
Economic Performance ◽  
Equilibrium Model ◽  
Industrial Revolution ◽  
Urban Migration ◽  
Real Wages ◽  
Rural Urban Migration ◽  
Rapid Industrialization ◽  
The Impact

The Irish immigrations during the First Industrial Revolution serve to complicate any assessment of Britain's economic performance up to the 1850s. This paper estimates the size of the Irish immigrations and explores its impact on real wages, rural-urban migration, and industrialization. Using a general equilibrium model, the paper finds that the Irish did not play a significant role in accounting for rising inequality, lagging real wages, or rapid industrialization.

Productivity paralysis constrains UK growth prospects

2017 ◽  
Keyword(s):  
Productivity Growth ◽  
Industrial Revolution ◽  
Real Wages ◽  
Content Type ◽  
Advanced Economies ◽  
Growth Prospects ◽  
The Uk ◽  
The Impact ◽  
High Uncertainty ◽  
Economic Outlook

Subject The UK economic outlook. Significance The Inflation Report by the Bank of England (BoE) last month was discouraging about the short-term economic outlook, while the Office for Budget Responsibility (OBR) warned about the poor prospects for the next five years, underpinned by weak productivity growth. The stagnation of real wages since 2007-08 marks the worst performance of the UK economy since the early stages of the industrial revolution. Neither report directly assesses the impact of Brexit but both judge it as unfavourable. Impacts Slower GDP growth, high uncertainty and limited political consensus may curtail the government’s ability to implement much-needed policies. Productivity growth has slowed in most advanced economies since 2007-08, but the UK economy has been affected more severely than others. Balancing the budget is receding further into the future; the Institute for Fiscal Studies raises the possibility it may be unattainable.

The Empire was Unique

2020 ◽  
pp. 156-174
Author(s):  
Jonathan Scott
Keyword(s):  
Eighteenth Century ◽  
North America ◽  
Population Growth ◽  
Large Scale ◽  
Industrial Revolution ◽  
Native Peoples ◽  
Settler Population ◽  
The Impact

This chapter explores English and Dutch relationships with native peoples in Atlantic North America. In practice, these relationships were violent ones, though there were important differences. The chapter shows that only English settlement became the basis for a long-term, large-scale trans-Atlantic transfer of people and culture. This necessitated expropriation not only of resources but territory, a process executed where necessary with savagery, assisted by the impact upon native peoples of introduced diseases, especially smallpox. This made possible the later explosive eighteenth-century settler population growth which would be a key stimulant of the Industrial Revolution. To this extent the Anglo-Dutch-American archipelago was mapped in blood.

Structural Modeling of Institute of Entrepreneurship in Russia

2019 ◽  
pp. 34-48
Author(s):  
Svetlana L. Sazanova
Keyword(s):  
Global Economy ◽  
Structural Model ◽  
Institutional Environment ◽  
Small And Medium Enterprises ◽  
Structural Modeling ◽  
Entrepreneurial Activity ◽  
Pattern Modeling ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship

Entrepreneurship plays an important role in the modern global economy; the share of products of small and medium enterprises in the gross product and exports not only of the developed but also of developing countries is growing. Innovation processes cover all sectors of the economy, and more and more people are involved in entrepreneurial activity, which contributes to the penetration of entrepreneurial thinking and business values in all areas of the socioeconomic life of society. The Institute of Entrepreneurship plays an increasingly prominent role in the institutional environment of socio-economic systems. This actualizes the problem of studying the relationship of the institution of entrepreneurship with the institutions of law, culture, management. This requires a methodology that allows you to explore the impact on the institute of entrepreneurship not only economic, but also non-economic factors. The methodology of the “old” institutionalism possesses such a tool, it is structural modeling (pattern modeling), which allows to explore the diversity of interrelationships of the institution of entrepreneurship with other components of the institutional and economic environment. The article explored the features of the development of the institution of entrepreneurship in Russia, established the relationship between the institution of entrepreneurship, values, motives and incentives for entrepreneurial activity, built a structural model of the institution of entrepreneurship based on the methodology of the old institutionalism (pattern modeling). The structural model of the institution of entrepreneurship reveals the relationship between the institution of entrepreneurship, the values of entrepreneurial activity, its motives and incentives; as well as the relationship between the institution of entrepreneurship with the institutions of governance, cultural and religious institutions, legal institutions and society.

Structural Model of Service Quality Factors Affecting Loyalty Sustainability

2020 ◽  
Vol 11 (2) ◽  
Author(s):  
Eman Al-erqi ◽  
◽  
Mohd Lizam Mohd Diah ◽  
Najmaddin Abo Mosali ◽  
◽  
...  
Keyword(s):  
International Students ◽  
Service Quality ◽  
Goodness Of Fit ◽  
Structural Model ◽  
Quality Factors ◽  
Factors Affecting ◽  
Measurement Models ◽  
Confirmatory Factor ◽  
The University ◽  
The Impact

This study seeks to address the impact of service quality affecting international student's satisfaction towards loyalty tothe Universiti Tun Hussein Onn Malaysia(UTHM). The aim of thestudy is to develop relationship between service quality factor and loyalty to the university from the international students’ perspectives. The study adopted quantitative approach where data was collected through questionnaire survey and analysed statistically. A total of 246 responses were received and found to be valid. The model was developed and analysed using AMOS-SEM software. Confirmatory factor analysis (CFA) function of the software was to assessed the measurement models and found that all the models achieved goodness of fit. Then path analysis function was used to assessed structural model and found that service qualityfactors have a significant effect on the students’ satisfaction and thus affecting the loyaltyto the university. Hopefully the outcome form this study will benefit the university in providing services especially to the international students.

Socio-Technological Aspects of Automation in Public Works Activities

1987 ◽  
Vol 19 (3-4) ◽  
pp. 633-643
Author(s):  
William F. Garber
Keyword(s):  
Industrial Revolution ◽  
Work Force ◽  
Public Works ◽  
Human Society ◽  
Training Problem ◽  
Total Employment ◽  
The Usa ◽  
History Of ◽  
Complete Automation ◽  
The Impact

The history of human society is replete with examples of advances in technology overrunning the ability of societal organizations to efficiently handle the resulting massive societal dislocations. The social impacts of the “Industrial Revolution of the 18th and 19th Centuries” illustrate how profound such effects can be. The automation-computer-robotics revolution now underway also has the potential for serious societal changes. In this regard public works activities are subject to increasing amounts of automation with impacts upon current and net total employment and training needs. To evaluate the present status of automation in the USA, questionnaires were sent to public works authorities in 110 cities or agencies. The current degree of automation, the impact upon employment and the skills now needed by public works employers were queried. It was found that in most cases automation was just starting; but that as complete automation as was possible was inevitable given the increasing complexity of the tasks, the demands of the public and the long term prospects for public works funding. In many cases the candidates now in the work force were not properly trained for automation needs. Retraining and changes in the educational system appeared necessary if the employees now needed were to be continuously available. Public works management as well as several labor organizations appeared to be aware of this need and were organizing to handle the training problem and the changes in employment qualifications now necessary. It appeared to be a consensus that the larger societal effects of automation should be handled by society as a whole.

The Impact of Service Satisfaction, Relational Satisfaction and Commitment on Customer Loyalty in Logistics Outsourcing Relationship

2015 ◽  
Vol 4 (1and2) ◽  
Author(s):  
Sanjit Singh H.
Keyword(s):  
Customer Loyalty ◽  
Structural Equation ◽  
Structural Model ◽  
Reliability And Validity ◽  
Service Satisfaction ◽  
Equation Modeling ◽  
Relational Satisfaction ◽  
Logistics Outsourcing ◽  
Major Predictor ◽  
The Impact

This research explores the impact of service satisfaction, relational satisfaction, price satisfaction, and commitment on customer loyalty in logistics outsourcing relationships in Indian scenario. 254 users of logistics services from India were selected for investigating the potential linkages among the aforementioned satisfaction aspects and loyalty. Structural equation modeling (SEM) was employed to test the reliability and validity of the measurement and structural model developed to study the relationship among the linkages. Findings from the study supports that logistics service satisfaction, price satisfaction, relational satisfaction and commitment do influence loyalty positively. The analysis suggests that service satisfaction is the most important antecedent having primary influence in the formation of customer loyalty. Service satisfaction also has secondary influence on loyalty by acting as a strong driver in both relational satisfaction and commitment aspects of the service dimensions. Price satisfaction though positively been driven by service satisfaction, was found to have less significant effect as a predictor of loyalty in this context. The present study suggests that relational satisfaction is the second major predictor of loyalty which also drives commitment. This research is not an end-point but an attempt to establish the linkages and the effect among the antecedents driving the building and retention of good buyer-seller relationship in logistics outsourcing.

AGENT'S REPUTATION, ACCOUNTING AND COSTING IN ORGANISATIONAL CONTROL STRUCTURES

1997 ◽  
Vol 24 (1) ◽  
pp. 1-23 ◽  
Author(s):  
Tom McLean
Keyword(s):  
Coal Mining ◽  
Industrial Revolution ◽  
Control Structures ◽  
The Impact

This paper examines the roles of accounting and costing in the management of coal mining during the Industrial Revolution in Britain, and considers the impact of the agent's reputation in the development and use of these systems.

Understanding Rising Income Inequality and Stagnating Ordinary Living Standards in Germany

2018 ◽  
Author(s):  
Gerhard Bosch ◽  
Thorsten Kalina
Keyword(s):  
Income Inequality ◽  
Labour Market ◽  
Economic Crisis ◽  
Household Income ◽  
Wage Bargaining ◽  
Living Standards ◽  
Social Model ◽  
Real Wages ◽  
The Impact ◽  
Over Time

This chapter describes how inequality and real incomes have evolved in Germany through the period from the 1980s, through reunification, up to the economic Crisis and its aftermath. It brings out how reunification was associated with a prolonged stagnation in real wages. It emphasizes how the distinctive German structures for wage bargaining were eroded over time, and the labour market and tax/transfer reforms of the late 1990s-early/mid-2000s led to increasing dualization in the labour market. The consequence was a marked increase in household income inequality, which went together with wage stagnation for much of the 1990s and subsequently. Coordination between government, employers, and unions still sufficed to avoid the impact the economic Crisis had on unemployment elsewhere, but the German social model has been altered fundamentally over the period

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