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- Title
Living costs and welfare ratios in Western Europe: new estimates using a linear programming model.
- Authors
Zegarra, Luis Felipe
- Abstract
This study provides new estimates on welfare ratios for London, Amsterdam, Paris, Strasbourg, Munich, and Leipzig for 1600–1850. I use a linear programming model to compute the basket that minimizes the food cost subject to nutrient requirements. For a balanced nutrition, I take into consideration that people should ingest not only calories and proteins, but also fat, iron, and some basic vitamins. The results suggest that living standards in Western Europe were lower than previously thought. However, like previous studies, this article suggests that welfare ratios in London were higher than in other European cities.
- Subjects
WESTERN Europe; COST of living; LINEAR programming; NUTRITIONAL requirements; STANDARD of living; LOW-calorie diet
- Publication
European Review of Economic History, 2022, Vol 26, Issue 1, p38
- ISSN
1361-4916
- Publication type
Article
- DOI
10.1093/ereh/heab007