From Preventive to Permissive Checks: The Changing Nature of the Malthusian Relationship between Nuptiality and the Price of Provisions in the Nineteenth Century
Publikation: Working paper › Forskning
Dokumenter
- 0720
Forlagets udgivne version, 343 KB, PDF-dokument
The Malthusian "preventive check" mechanism has been well documented for pre-industrial England through evidence for a negativcorrelation between the marriage rate and the price of wheat. Other literature, however, speculates that the correlation was in fact positive from the early nineteenth century. This paper uses the cointegrated VAR model and recursive estimation techniques to document the changing relationshi between nuptiality and the price of wheat from 1541-1965. The relationship is indeed positive from the early nineteenth century to the First World War. A simple theoretical model shows that this result is not in fact inconsistent with a stylized Malthusian mechanism, and can be understood within the context of an increasing dominance of shocks to aggregate demand rather than to aggregate supply
Originalsprog | Engelsk |
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Udgiver | Department of Economics, University of Copenhagen |
Antal sider | 19 |
Status | Udgivet - 2007 |
Bibliografisk note
JEL Classification: J1, N3
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