Publication: Subjective Well-being in Spain's Decline
dc.affiliation.instituto | UC3M. Instituto Figuerola de Historia y Ciencias Sociales | es |
dc.contributor.author | Álvarez Nogal, Carlos | |
dc.contributor.author | Prados de la Escosura, Leandro | |
dc.contributor.editor | Universidad Carlos III de Madrid. Instituto Figuerola de Historia y Ciencias Sociales | es |
dc.date.accessioned | 2023-05-08T18:13:47Z | |
dc.date.available | 2023-05-08T18:13:47Z | |
dc.date.issued | 2023-05-08 | |
dc.description.abstract | Spain experienced economic decline from the 1570s to 1650, recovering gradually thereafter and only reaching its early 1570s per capita income in the 1820s. How did economic decline impact on people's perception of well-being and inequality? We provide an answer based on an unexplored source, the Bulls of the Crusade, an alms that, after 1574, was annually collected by the Spanish Monarchy in its territories, and that, to some material benefits, added spiritual benefits: plenary indulgencies that erased the penance for guilt after sinning. An inexpensive but fixed price alms was massively bought by those aged 12 and above. The number of bulls sold relative to the relevant population provides a measure of spiritual comfort and, hence, of subjectivewell-being. A subjective inequality measure, the ratio of the 8 Reales bulls sold, intended for wealthy and high social status people, to the 2 Reales bulls sold, intended for the common people, is also estimated. Our results suggest that subjective wellbeing deteriorated during the late sixteenth and early seventeenth century improving during its last third, while subjective inequality increased from 1600-1640 to fall in the third quarter of the century. Thus, improvements in subjective well-being were accompanied by a decline in subjective inequality. | en |
dc.description.sponsorship | Research funding by Universidad Carlos III’s Acción Estratégica 2018/00501/001 is grateful acknowledged. Prados de la Escosura also acknowledges a Fundación Rafael del Pino research grant | en |
dc.identifier.issn | 2341-2542 | es |
dc.identifier.uri | https://hdl.handle.net/10016/37267 | |
dc.identifier.uxxi | DT/0000002073 | es |
dc.language.iso | eng | es |
dc.relation.ispartofseries | Working Papers in Economic History | en |
dc.relation.ispartofseries | 23-03 | |
dc.rights | Atribución-NoComercial-SinDerivadas 3.0 España | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/3.0/es/ | * |
dc.subject.eciencia | Economía | es |
dc.subject.jel | H27 | es |
dc.subject.jel | I31 | es |
dc.subject.jel | N33 | es |
dc.subject.other | Subjective Well-Being | es |
dc.subject.other | Subjective Inequality | es |
dc.subject.other | Spain | es |
dc.subject.other | Economic Decline | es |
dc.title | Subjective Well-being in Spain's Decline | es |
dc.type | working paper | * |
dspace.entity.type | Publication |
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