Publication:
Subjective Well-being in Spain's Decline

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dc.affiliation.institutoUC3M. Instituto Figuerola de Historia y Ciencias Socialeses
dc.contributor.authorÁlvarez Nogal, Carlos
dc.contributor.authorPrados de la Escosura, Leandro
dc.contributor.editorUniversidad Carlos III de Madrid. Instituto Figuerola de Historia y Ciencias Socialeses
dc.date.accessioned2023-05-08T18:13:47Z
dc.date.available2023-05-08T18:13:47Z
dc.date.issued2023-05-08
dc.description.abstractSpain 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.sponsorshipResearch 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 granten
dc.identifier.issn2341-2542es
dc.identifier.urihttps://hdl.handle.net/10016/37267
dc.identifier.uxxiDT/0000002073es
dc.language.isoenges
dc.relation.ispartofseriesWorking Papers in Economic Historyen
dc.relation.ispartofseries23-03
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/*
dc.subject.ecienciaEconomíaes
dc.subject.jelH27es
dc.subject.jelI31es
dc.subject.jelN33es
dc.subject.otherSubjective Well-Beinges
dc.subject.otherSubjective Inequalityes
dc.subject.otherSpaines
dc.subject.otherEconomic Declinees
dc.titleSubjective Well-being in Spain's Declinees
dc.typeworking paper*
dspace.entity.typePublication
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