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On the Idiosyncrasies of the Labour Market for Visual Artists : Striking features, a formal model, and suggestions for further work

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  • Joop Hartog
  • Monika Kackovic

Abstract

Labour markets for visual artists active on the primary art market are characterized by the oversupply of producers, strong product heterogeneity, elusive buyer tastes, and highly uncertain incomes. Self‐employment is the rule, and often, in combination with other (non)art‐related work. First, we describe these features and provide empirical evidence for the Netherlands. Second, we build an analytical model by adjusting the standard model of labour supply to allow for these features. Third, we provide further suggestions for empirical work focusing on career dynamics in markets with extreme uncertainty.

Suggested Citation

  • Joop Hartog & Monika Kackovic, 2019. "On the Idiosyncrasies of the Labour Market for Visual Artists : Striking features, a formal model, and suggestions for further work," LABOUR, CEIS, vol. 33(2), pages 162-186, June.
    • Handle: RePEc:bla:labour:v:33:y:2019:i:2:p:162-186
    DOI: 10.1111/labr.12140
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    Cited by:

    1. Monika Kackovic & Joop Hartog & Hans van Ophem & Nachoem Wijnberg, 2022. "The promise of potential: A study on the effectiveness of jury selection to a prestigious visual arts program," Kyklos, Wiley Blackwell, vol. 75(3), pages 410-435, August.
    2. Giovanni Colavizza, 2022. "Seller-buyer networks in NFT art are driven by preferential ties," Papers 2210.04339, arXiv.org, revised Nov 2022.

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