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The Labor Market in the Art Sector of Baroque Rome

  • Federico Etro

    ()

    (University of Venice, Ca� Foscari, Italy)

  • Silvia Marchesi

    ()

    (University of Milan, Bicocca, Italy)

  • Laura Pagani

    ()

    (University of Milan, Bicocca, Italy)

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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File URL: http://www.culturaleconomics.org/awp/AWP-03-2013.pdf
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Paper provided by 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
Contact details of provider: Web page: http://www.culturaleconomics.org/
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  2. David W. Galenson & Bruce A. Weinberg, 1999. "Age and the Quality of Work: The Case of Modern American Painters," NBER Working Papers 7122, National Bureau of Economic Research, Inc.
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  9. 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.
  10. Federico Etro & Laura Pagani, 2012. "The Market for Paintings in the Venetian Republic from Renaissance to Rococò," Working Papers 2012_10, Department of Economics, University of Venice "Ca' Foscari".
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  12. Gruetter, Max & Lalive, Rafael, 2004. "The Importance of Firms in Wage Determination," IZA Discussion Papers 1367, Institute for the Study of Labor (IZA).
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  14. Teulings, Coen N, 1995. "The Wage Distribution in a Model of the Assignment of Skills to Jobs," Journal of Political Economy, University of Chicago Press, vol. 103(2), pages 280-315, April.
  15. David Galenson, 2009. "Old masters and young geniuses: The two life cycles of human creativity," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 1-9, May.
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