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Careers and wages in the dutch east india company

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  • Claudia Rei

    () (Department of Economics, Vanderbilt University)

Abstract

In the sixteenth and seventeenth centuries, inter-continental trade brought with it a novel form of organizing business: the multinational firm. Headquartered in Europe and operating in Asia, the success of the East India Companies depended largely on the management of overseas outposts, as well as their labor force. Using a dataset of 115 workers hired in Europe to work in Asia, I present the internal structure of civil servants careers and wages in the Dutch East India Company in the eighteenth century. This early modern firm mimics well current theories of internal labor markets: there are stable career paths, fast tracks in promotions, and sizable returns to tenure.

Suggested Citation

  • Claudia Rei, 2012. "Careers and wages in the dutch east india company," Vanderbilt University Department of Economics Working Papers 12-00007, Vanderbilt University Department of Economics.
  • Handle: RePEc:van:wpaper:vuecon-12-00007
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    References listed on IDEAS

    as
    1. Joseph G. Altonji & Nicolas Williams, 2005. "Do Wages Rise with Job Seniority? A Reassessment," ILR Review, Cornell University, ILR School, vol. 58(3), pages 370-397, April.
    2. George Baker & Michael Gibbs & Bengt Holmstrom, 1994. "The Internal Economics of the Firm: Evidence from Personnel Data," The Quarterly Journal of Economics, Oxford University Press, vol. 109(4), pages 881-919.
    3. Rei, Claudia, 2011. "Incentives in Merchant Empires: Portuguese and Dutch Labor Compensation," MPRA Paper 28712, University Library of Munich, Germany.
    4. Gibbons, Robert & Waldman, Michael, 1999. "Careers in organizations: Theory and evidence," Handbook of Labor Economics,in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 36, pages 2373-2437 Elsevier.
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    Keywords

    merchant empires; careers; returns to tenure;

    JEL classification:

    • N0 - Economic History - - General

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