Russian real wages before and after 1917 |
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| Institution: | 1. Faculty of Social Science, New York University Abu Dhabi, United Arab Emirates;2. Arizona State University, United States;1. Experian in Costa Mesa, California, United States;2. Economics Department, University of Arizona, Tucson, AZ 85721, United States;1. School of Slavonic and East European Studies, University College London, 16 Taviton Street, London WC1H 0BW, United Kingdom;2. Národohospodářská fakulta, Vysoká škola ekonomická v Praze, náměstí Winstona Churchilla 4, Prague 3 130 67, Czech Republic;3. UCL Center for Comparative Studies of Emerging Economies, 16 Taviton Street, London WC1H 0BW, United Kingdom;4. d-Faculty of Business and Economics, Mendel University in Brno, and Charles University, Faculty of Law;1. Yale University, United States;2. Universidad de Alicante, Spain;3. Auburn University, United States |
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| Abstract: | The paper measures real wages in St Petersburg, Moscow, and Kursk over 1853-1937. Workers in construction and large scale industry are studied. For the imperial period and the NEP, new series of prices are collected from archival and printed sources, and these radically revise previous measures of inflation. Russian living standards grew little between 1853 and 1913, but doubled between 1913 and 1928 due to the exchange rate, price, and employment policies followed by the regime. Real wages dropped to their pre-War level between 1928 and 1937, as the social surplus was mobilized for the industrialization drive. |
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