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Article
Mexico’s Real Wages in the Age of the Great Divergence, 1730-1930
Revista de Historia Económica (New Series)
  • Amilcar Challú, Bowling Green State University - Main Campus
Document Type
Article
Abstract

This study builds the first internationally comparable index of real wages for Mexico City bridging the eighteenth and the early twentieth century. Real wages started out in relatively high international levels in the mid eighteenth century, but declined from the late 1770s on, with some partial and temporal rebounds after the 1810s. After the 1860s real wages recovered and eventually reached eighteenth-century levels in the early twentieth century. Real wages of Mexico City’s workers slid behind those of high-wage economies to converge with the lower fringes of middle-wage economies. The age of the global great divergence was Mexico’s own age of stagnation and decline relative to the world economy.

Publication Date
3-1-2015
DOI
http://dx.doi.org/10.1017/S021261091500004X
Citation Information
Amilcar Challú. "Mexico’s Real Wages in the Age of the Great Divergence, 1730-1930" Revista de Historia Económica (New Series) Vol. 33 Iss. 1 (2015) p. 83 - 122
Available at: http://works.bepress.com/amilcar-challu/2/