Encyclopedia of Early Modern History Online

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Real earnings
(2,385 words)

1. Definition

On an aggregated level, real earnings can be thought of as real national income per capita (see Economic growth), and on a disaggregated level usually as real annual household income. In contrast to nominal income, real income is adjusted for changes in the level of prices over time (Value, monetary; Inflation). As a …

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Pfister, Ulrich, “Real earnings”, in: Encyclopedia of Early Modern History Online, Editors of the English edition: Graeme Dunphy, Andrew Gow. Original German Edition: Enzyklopädie der Neuzeit. Im Auftrag des Kulturwissenschaftlichen Instituts (Essen) und in Verbindung mit den Fachherausgebern herausgegeben von Friedrich Jaeger. Copyright © J.B. Metzlersche Verlagsbuchhandlung und Carl Ernst Poeschel Verlag GmbH 2005–2012. Consulted online on 29 May 2023 <http://dx.doi.org/10.1163/2352-0272_emho_COM_026178>
First published online: 2015
First print edition: 20210107

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