This paper deals with changes in managerial practices in Catalonia in an age of nascent capitalism (1830-1925) and adaptive family strategies in order to face the absence of state welfare. During the 19 t h Century and in the absence of recorded labor contracts, human resources of the firm were organized by means of implicit contracts and informal labor markets. With the advent of scientific organization of labor, wage per hour worked began to be recorded. This is why in the 1920s the perfect competition model applies to our case. On the other hand, in the same period, and in the absence of state welfare, ideas stemming from cooperative game theory apply to the pattern of household income formation. Kin related networks were used to improve the living standards of the household. In this particular direction we also show that there was a demonstration effect by means of which migrant’s living standards were higher than those of natives.
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Paper provided by Department of Economics and Business, Universitat Pompeu Fabra in its series Economics Working Papers with number
700.
Find related papers by JEL classification: C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
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