Advanced Search
MyIDEAS: Login

Why did (pre‐industrial) firms train?: premiums and apprenticeship contracts in 18th century England

Contents:

Author Info

  • Chris Minns
  • Patrick Wallis

Abstract

Despite poor information flows, high levels of uncertainty, and low completion rates, training through apprenticeship provided the main mechanism for occupational human capital formation in pre‐industrial England. This paper demonstrates how training premiums complemented the formal legal framework surrounding apprenticeship to secure training contracts. Premiums compensated parties for the anticipated risk of default, but in most trades were small enough to allow access to apprenticeship training for youths from modest families.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://eprints.lse.ac.uk/41348/
Download Restriction: no

Bibliographic Info

Paper provided by London School of Economics and Political Science, Department of Economic History in its series Economic History Working Papers with number 41348.

as in new window
Length:
Date of creation: Oct 2011
Date of revision:
Handle: RePEc:ehl:wpaper:41348

Contact details of provider:
Postal: LSE, Dept. of Economic History Houghton Street London, WC2A 2AE, U.K.
Phone: +44 (0) 20 7955 7084
Web page: http://www.lse.ac.uk/economicHistory/
More information through EDIRC

Related research

Keywords:

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. L. D. Schwarz, 1985. "The Standard of Living in the Long Run: London, 1700–1860," Economic History Review, Economic History Society, vol. 38(1), pages 24-36, 02.
  2. Patrick Wallis & Cliff Webb & Chris Minns, 2009. "Leaving home and entering service: the age of apprenticeship in early modern London," Economic History Working Papers 27873, London School of Economics and Political Science, Department of Economic History.
  3. Sheilagh Ogilvie, 2002. "Guilds, Efficiency, and Social Capital: Evidence from German Proto-Industry," CESifo Working Paper Series 820, CESifo Group Munich.
  4. Tim Leunig & Chris Minns & Patrick Wallis, 2009. "Networks in the premodern economy: the market for London apprenticeships, 1600-1749," LSE Research Online Documents on Economics 28686, London School of Economics and Political Science, LSE Library.
  5. Voth, Hans-Joachim, 2001. "The Longest Years: New Estimates Of Labor Input In England, 1760 1830," The Journal of Economic History, Cambridge University Press, vol. 61(04), pages 1065-1082, December.
  6. Wallis, Patrick, 2008. "Apprenticeship and Training in Premodern England," The Journal of Economic History, Cambridge University Press, vol. 68(03), pages 832-861, September.
  7. Gregory Clark, 2005. "The Condition of the Working-Class in England, 1209-2004," Working Papers 539, University of California, Davis, Department of Economics.
  8. Epstein, S. R., 1998. "Craft Guilds, Apprenticeship, and Technological Change in Preindustrial Europe," The Journal of Economic History, Cambridge University Press, vol. 58(03), pages 684-713, September.
  9. Van Zanden, Jan Luiten, 2009. "The skill premium and the ‘Great Divergence’," European Review of Economic History, Cambridge University Press, vol. 13(01), pages 121-153, April.
  10. Chris Minns & Patrick Wallis, 2012. "Rules and reality: quantifying the practice of apprenticeship in early modern England," Economic History Review, Economic History Society, vol. 65(2), pages 556-579, 05.
  11. Hamilton, Gillian, 1996. "The Market for Montreal Apprentices: Contract Length and Information," Explorations in Economic History, Elsevier, vol. 33(4), pages 496-523, October.
Full references (including those not matched with items on IDEAS)

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Marc Klemp & Chris Minns & Patrick Wallis & Jacob Weisdorf, 2013. "Picking Winners? The Effect of Birth Order and Migration on Parental Human Capital Investments in Pre-Modern England," Working Papers 0037, Utrecht University, Centre for Global Economic History.
  2. Minns, Chris & Wallis, Patrick, 2013. "The price of human capital in a pre-industrial economy: Premiums and apprenticeship contracts in 18th century England," Explorations in Economic History, Elsevier, vol. 50(3), pages 335-350.
  3. Marc Klemp & Chris Minns & Patrick Wallis & Jacob Weisdorf, 2012. "Family Investment Strategies in Pre-modern Societies: Human Capital, Migration, and Birth Order in Seventeenth and Eighteenth Century England," Working Papers 0018, European Historical Economics Society (EHES).

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ehl:wpaper:41348. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lucy Ayre on behalf of EH Dept.).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.