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The Auction of Redemptioner Servants, Philadelphia, 1771–1804: An Economic Analysis

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  • Grubb, Farley

Abstract

The redemption system transformed the American auction of immigrant servants. The potential for exploiting immigrants was created by search restrictions in the redemption auction. A model of the auction was estimated using 4,455 German and British servant contracts. Average servant compensation equaled resident free labor compensation, and the variance in servant compensation was systematically related to the variance in servant productivity, contract restrictions, and work amenities. Competition among buyers overcame the search restrictions placed on immigrants in the redemption auction.

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  • Grubb, Farley, 1988. "The Auction of Redemptioner Servants, Philadelphia, 1771–1804: An Economic Analysis," The Journal of Economic History, Cambridge University Press, vol. 48(3), pages 583-603, September.
    • Handle: RePEc:cup:jechis:v:48:y:1988:i:03:p:583-603_00
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    Cited by:

    1. Michael Baker & Gillian Hamilton, 1999. "French/English Differences in Labour Market Compensation in 19th Century Montreal," Working Papers baker-99-02, University of Toronto, Department of Economics.
    2. Baker, Michael & Hamilton, Gillian, 2000. "Écarts salariaux entre francophones et anglophones à Montréal au 19e siècle," L'Actualité Economique, Société Canadienne de Science Economique, vol. 76(1), pages 75-111, mars.
    3. Grubb, Farley, 2004. "The circulating medium of exchange in colonial Pennsylvania, 1729-1775: new estimates of monetary composition, performance, and economic growth," Explorations in Economic History, Elsevier, vol. 41(4), pages 329-360, October.
    4. Gillian Hamilton, 1999. "The Decline of Apprenticeship in North America: Evidence from Montreal," Working Papers hamiltng-99-01, University of Toronto, Department of Economics.
    5. Ran Abramitzky & Leah Boustan, 2017. "Immigration in American Economic History," Journal of Economic Literature, American Economic Association, vol. 55(4), pages 1311-1345, December.
    6. Farley Grubb, 2014. "A New Approach to Solving the Colonial Monetary Puzzle: Evidence from New Jersey, 1709-1775," NBER Working Papers 19903, National Bureau of Economic Research, Inc.
    7. Farley Grubb, 2014. "A New Approach to Explaining the Value of Colonial Paper Money: Evidence from New Jersey, 1709-1775," Working Papers 14-08, University of Delaware, Department of Economics.
    8. Grubb, Farley, 2000. "The Statutory Regulation of Colonial Servitude: An Incomplete-Contract Approach," Explorations in Economic History, Elsevier, vol. 37(1), pages 42-75, January.
    9. Farley Grubb, 2003. "Babes in Bondage Parental Selling of Children to Finance Family Migration: The Case of German Migration to North America, 1720-1820," Working Papers 03-04, University of Delaware, Department of Economics.
    10. Kauffman, Kyle D. & Cribari-Neto, Francisco, 1995. "To pay or not to pay: Positive incentives as a calibrating device in the white indenture system," The Quarterly Review of Economics and Finance, Elsevier, vol. 35(3), pages 257-269.

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