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What money can buy? : three centuries of Norwegian wage and price development

Grytten, Ola Honningdal
Working paper
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dp2007-27.pdf (202.5Kb)
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http://hdl.handle.net/11250/163094
Utgivelsesdato
2007-10
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  • Discussion papers (SAM) [676]
Sammendrag
On the basis of newly utilized data from one of the largest manual historical archives

on wages and prices internationally and unpublished data from Statistics Norway this

article offers new wage and price series for Norway 1726-2006, which enable us to

calculate real wages. These cover all main industries and sub-industries as well as an

aggregated series for the entire economy. We conclude that long run real wages

stayed fairly stable until the 1820s. Thereafter a modest increase took place until the

1870s, followed by rapid growth. Thus, the development of real wages seems to follow the pattern of modernization of the Norwegian economy.
Utgiver
Norwegian School of Economics and Business Administration. Department of Economics
Serie
Discussion paper
2007:27

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