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Labor Day and the Creation of “Free,” Anti-Feudalistic Labor Through Regulation
Interesting blogpost on the unfree state of free labor in the early industrial period
Edit by mod: We don't allow personal blogs as sources
more here
I'm still deciding on this student paper.
http://tuvalu.santafe.edu/~snaidu/papers/MS_paper_draft_may_7_2011_nber.pdf
Interesting blogpost on the unfree state of free labor in the early industrial period
Edit by mod: We don't allow personal blogs as sources
more here
I'm still deciding on this student paper.
http://tuvalu.santafe.edu/~snaidu/papers/MS_paper_draft_may_7_2011_nber.pdf
British Master and Servant law made employee contract breach a criminal offense
until 1875. We develop a contracting model generating equilibrium contract breach and
prosecutions, then exploit exogenous changes in output prices to examine the eects
of labor demand shocks on prosecutions. Positive shocks in the textile, iron, and
coal industries increased prosecutions. Following the abolition of criminal sanctions,
wages dierentially rose in counties that had experienced more prosecutions, and wages
responded more to labor demand shocks. Coercive contract enforcement was applied
in industrial Britain; restricted mobility allowed workers to commit to risk-sharing
contracts with lower, but less volatile, wages.
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