Title
Living costs and welfare ratios in Western Europe: New estimates using a linear programming model
Date Issued
01 February 2022
Access level
metadata only access
Resource Type
journal article
Publisher(s)
Oxford University Press
Abstract
This study provides new estimates on welfare ratios for London, Amsterdam, Paris, Strasbourg, Munich, and Leipzig for 1600-1850. I use a linear programming model to compute the basket that minimizes the food cost subject to nutrient requirements. For a balanced nutrition, I take into consideration that people should ingest not only calories and proteins, but also fat, iron, and some basic vitamins. The results suggest that living standards in Western Europe were lower than previously thought. However, like previous studies, this article suggests that welfare ratios in London were higher than in other European cities.
Start page
38
End page
61
Volume
26
Issue
1
Language
English
OCDE Knowledge area
Economía
Scopus EID
2-s2.0-85121606172
Source
European Review of Economic History
ISSN of the container
13614916
Sources of information: Directorio de Producción Científica Scopus