Age and the Quality of Work: The Case of Modern American Painters
AbstractPsychologists have found that the age at which successful practitioners typically do their best work varies across professions, but they have not considered whether these peak ages change over time, as economic models suggest they might. Using auction records, we estimate the relationship between artists' ages and the value of their paintings for two successive cohorts of modern American painters. We find that a substantial decline occurred over time in the age at which these artists produced their most valuable - and most important - work, and argue that this was caused by a shift in the nature of the demand for modern art during the 1950s.
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Bibliographic InfoPaper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 7122.
Date of creation: May 1999
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Publication status: published as Galenson, David W. and Bruce A. Weinberg. "Age And The Quality Of Work: The Case Of Modern American Painters," Journal of Political Economy, 2000, v108(4,Aug), 761-777.
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Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
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- David W. Galenson & Bruce A. Weinberg, 2000. "Age and the Quality of Work: The Case of Modern American Painters," Journal of Political Economy, University of Chicago Press, vol. 108(4), pages 761-777, August.
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
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