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The Labor Market in the Art Sector of Baroque Rome

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Author Info

  • Federico Etro

    ()
    (University of Venice, Ca� Foscari, Italy)

  • Silvia Marchesi

    ()
    (University of Milan, Bicocca, Italy)

  • Laura Pagani

    ()
    (University of Milan, Bicocca, Italy)

Abstract

We analyze the labor market for painters in Baroque Rome using unique panel data on primary sales of portraits, still lifes, genre paintings, landscapes and figurative paintings. In line with the traditional artistic hierarchy of genres, average price differentials between them were high. The matched painter-patron nature of the dataset allows us to evaluate the extent to which price heterogeneity is related to unobservable characteristics of painters and patrons. We find that the market allocated artists between artistic genres to the point of equalizing the marginal return of each genre. We explain residual price differences at the employer level in terms of incentive mechanisms to induce effort in the production of artistic quality and compensating wage differentials.

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Bibliographic Info

Paper provided by the Association for Cultural Economics International in its series ACEI Working Paper Series with number AWP-03-2013.

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Length: 47 pages
Date of creation: Sep 2013
Date of revision: Sep 2013
Handle: RePEc:cue:wpaper:awp-03-2013

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Related research

Keywords: Inter-industry wage differentials; Matched employer-employee data; Occupational choice; Art market;

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  4. Federico Etro & Laura Pagani, 2012. "The Market for Paintings in Italy during the Seventeenth Century," Working Papers 217, University of Milano-Bicocca, Department of Economics, revised Jan 2012.
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Cited by:
  1. Cellini, Roberto & Cuccia, Tiziana, 2014. "The artist–art dealer relationship as a marketing channel," Research in Economics, Elsevier, vol. 68(1), pages 57-69.

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