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The cross-sectional distribution of wages has so far been neglected compared to the study of income differences across countries over time. We propose a stochastic model, building on the theory of diffusion pro- cesses, in order to describe the evolution of global labor markets since 1830. The model is applied to em- pirical data collected by Williamson, in order to describe the level and the variation of wages for 15 countries. The empirical application validates the proposed method

On a Theme by Williamson: A Stochastic Model for the Evolution of Global Labor Markets since 1830