The plague, the skill-premium, and the road to modern economic growth
(2024)
Journal Article
Jensen, M. K., & Luo, R. (2024). The plague, the skill-premium, and the road to modern economic growth. Macroeconomic Dynamics, https://doi.org/10.1017/S1365100523000573
When bubonic plague arrived in Britain in the mid-14th century, it caused dramatic economic and structural change. Within 50 years, the skill-premium was reduced by half, and another 50 years on, agriculture's share of the labor force had declined by... Read More about The plague, the skill-premium, and the road to modern economic growth.