wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their …

regimes: 1830 to the late 1850s, the 1850s to World War I, the interwar decades, and the post-World War II experience. Third …