Construct · 1 fields · 1 citations

welfare ratio: a standalone construct

One name. One construct. A landmark on the map.

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Economic history

historical living-standard measure that divides annual earnings by the cost of a subsistence basket of goods for a family.

In economic history, welfare ratio refers to historical living-standard measure that divides annual earnings by the cost of a subsistence basket of goods for a family. This meaning comes from Allen (2001) in Explorations in Economic History.[1]

Unit
Recovery means
Measured by

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Nearby constructs

basket2 fields · 3 citationsjingle · one word, two constructs cost4 fields · 4 citationsjingle · one word, four constructs family3 fields · 3 citationsjingle · one word, three constructs

References

Allen, R. C. (2001). The Great Divergence in European Wages and Prices from the Middle Ages to the First World War. Explorations in Economic History, 38(4), 411-447. https://doi.org/10.1006/exeh.2001.0775

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