Omohundro Institute of Early American History & Culture

Leading Early American Scholarship Since 1943


William and Mary Quarterly

Third Series, Volume LVI
January 1999

Digital Projects

“Growth and the Standard of Living in a Pioneer Economy”

By Frank D. Lewis and M. C. Urquhart.

Farm Settlement: Simulation Results

Incomea Consumptionab Saving Dissaving Utilityc
        Settle Do not Settle
30% 25.3% 18.1 years 1.7 years 50. 2 49.9
32 26.3 15.3 1.8 44.4 45.9
34 27.1 13.5 1.9 40.2 42.6
36  28.0 12.2 2.0 36.9 39.7
38 29.0 11.2 2.1 34.2 37.2
40 30.2 10.5 2.2 32.1 34.9
42 31.4 10.0 2.4 30.3 32.8
44 32.7 9.7 2.6 28.8 30.9
46 34.0 9.4 2.8 27.5 29.0
48 35.4 9.3 2.9 26.4 27.2
50 37.0 9.3 3.1 25.4 26.4
52 38.7 9.4 3.4 24.5 24.9
54 40.5 9.6 3.6 23.7 23.4