• Economics
  • Published 2012

The Welfare Impact of a New Good: The Printed Book

@inproceedings{Dittmar2012TheWI,
  title={The Welfare Impact of a New Good: The Printed Book},
  author={Jeremiah Dittmar},
  year={2012}
}
Gutenberg’s printing press was the great revolution in Renaissance information technology. Economists have struggled to identify its impact in data on productivity, output, or wages. This paper documents the welfare impact of the technology by exploiting data on the price and consumption of books in England between the late 1400s and 1700. I nd that the welfare impact of the printed book was equivalent to 3%-7% of income by the 1630s using a calibration strategy and aggregate data. These… CONTINUE READING

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