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  <title>Optimism or pessimism A composite view on English living standards during the Industrial Revolution</title>
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  <namePart>DANIEL GALLARDO-AL BARRÁN</namePart>
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  <namePart>HERMAN DE JONG</namePart>
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   <publisher>Oxford University Press</publisher>
   <dateIssued>2021</dateIssued>
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 <note>European Review of Economic History, Volume 25, Issue 1, February 2021, pp. 1-19 ; This article examines the evolution of English living standards during the early phase&#13;
of industrialization (1760–1850). We take a multi-dimensional perspective and apply an indicator that combines four key dimensions of well-being: material living standards, health, working time, and inequality. Contrary to other composite measures of well-being, our welfare metric draws on standard economic theory to aggregate its underlying components. We find decreasing welfare during the late eighteenth century due to rising working time and income inequality, despite improving health. After 1800, workers’ conditions improved when real wages started to rise, although the cumulative effect was not substantial by 1850.</note>
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