School of Economics and Administration Universidad de la República
Peer-reviewed publication

Real Wages Adjusted by Purchasing Power Parity: Capital Cities of the Southern Cone, c. 1890–1940

  • 2026
  • pp. 1-26
  • English

Abstract

No separate English version was provided for this record. The original text is shown below.

The paper compares living standards in Buenos Aires, Montevideo, and Santiago with London during and after the First Globalisation. Using new PPP-adjusted real wages, it finds higher pre-WWI prosperity, later decline, and persistent inequality among Southern Cone cities.