Purchasing Power of Labour: Norwegian Real Wages, 1726-2006

摘要

By utilizing data from one of the largest international historical archives on wages and prices, this article offers new nominal and real wage series for Norway, 1726-2006. These serve as measures for the purchasing power of labour as input to production. The new series cover all main industries and thereby enables solid conclusions. The new series challenge existing views on the development of the purchasing power of labour in Norway during the last three centuries.