Careers and wages in the dutch east india company
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.
|Date of creation:||08 Apr 2012|
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- Joseph G. Altonji & Nicolas Williams, 2005.
"Do Wages Rise with Job Seniority? A Reassessment,"
Cornell University, ILR School, vol. 58(3), pages 370-397, April.
- Joseph G. Altonji & Nicolas Williams, 1997. "Do Wages Rise with Job Seniority? A Reassessment," NBER Working Papers 6010, National Bureau of Economic Research, Inc.
- 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.
- Rei, Claudia, 2011. "Incentives in Merchant Empires: Portuguese and Dutch Labor Compensation," MPRA Paper 28712, University Library of Munich, Germany.
- 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. Full references (including those not matched with items on IDEAS)
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