for this supposed 'Golden Age' of rising real wages is that the Black Death (from 1348), subsequent waves of bubonic …:labour ratio, and thus led to a rise in the marginal productivity of labour, which in turn forced up real wages. This simplistic … changes in marginal productivity; and (3) that wages were flexible, downwards as well as upwards. Though one might readily …

1347-48, followed by other waves of bubonic plague, led to an abrupt rise in real wages, for both agricultural labourers … century. While there is no doubt that real-wages in mid- to late- 15th century England did reach a peak far higher than that … ever achieved in past centuries, real wages in England did not, in fact, rise in the immediate aftermath of the Black Death …

The traditional and almost universal method of expressing real wages is by index numbers, according to the formula: RWI … ascertaining whether changes in nominal (money) wages or changes in the price level were paramount in determining changes in real … wages. But it does not permit us to make any judgements about the levels of real wages and thus does not permit us to make …

This comparative study of money, coinages, prices, and wages in southern England and the southern Low Countries had its … the problem of 'wage stickiness', so that real wages were essentially a function of changes in the price level (rather … paper focusses on the purchasing power of both coins and of building craftsmen's wages in England and the southern …

capitalism': namely, that the inflationary forces of the Price Revolution era produced a widening gap between prices and wages … led him to conclude that: Spain had enjoyed virtually no 'profit inflation', since wages had generally kept pace with … course on Hamilton's data for Spain, which was of much higher quality). Both rightly noted that the proper comparison had to …

values of commodity baskets and a mason�s daily wage: 1331-1570 (no. of days� wages to buy one cloth); (8) Prices of … composite price index; and the no. of days� wages for a master mason to buy one Mechelen broadcloth, 1351-1520; (11) Prices of … mason's daily wages; (12) Purchase prices of Ghent woollens: by rank order of values, 1360-69: in pounds groot Flemish …

wages and a fall in rents; and in general to rising living standards. This in turn led to a rise in relative prices for non … wages, which had been declining before the Black Death, did not rise immediately following the Black Death, did not recover … Flanders, not until the 1390s. The subsequent rise in real wages was fundamentally, if not exclusively, the consequence of …

proper comparison had to be made between industrial wages and industrial prices, not the price level in general. Since … gap between prices and wages, thus providing industrial entrepreneurs with windfall profits, which they reinvested in …-century Spain, France, and England led him to conclude that: Spain had enjoyed virtually no ‘profit inflation’, since wages had …

(homogeneous) firms post wages and a ranking of workers to direct workers' search. I establish the following results. First, the …