Wages and labour relations in the Middle Ages: it's not (all) about the money

Jordan Claridge, Vincent Delabastita and Spike Gibbs

Economic History Working Papers from London School of Economics and Political Science, Department of Economic History

Abstract: For long periods of history, a significant proportion of the labour force has received all or part of their wages in non-monetary in-kind payments. Despite its historical ubiquity, this form of labour remuneration remains poorly understood. This paper presents a framework which allows for the valuation and interpretation of in-kind wages. We apply our method to a new dataset of agricultural wages for labourers in medieval England (1270-1440), most of whom received a composite wage for which in-kind payment was the largest share. Assessing the market value of the wages these workers received, we find an increase in the relative importance of cash payments in the latter decades of the 14th century. We show that this was connected to a fundamental shift in labour relations, providing new empirical insights into the so-called ‘golden age of labour’ that followed the Black Death.

Keywords: labour markets; labour relations; medieval economy; wages (search for similar items in EconPapers)
JEL-codes: J33 J42 N33 N53 (search for similar items in EconPapers)
Pages: 62 pages
Date: 2023-09-01
New Economics Papers: this item is included in nep-his and nep-lma
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:wpaper:120307

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