Rei, Claudia (2011): Incentives in Merchant Empires: Portuguese and Dutch Labor Compensation.
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The different organizational structure of the Portuguese and Dutch merchant empires affected their ability to monitor workers. I test the theoretical implications of these differences using micro data of overseas workers' compensation from the sixteenth to the eighteenth century. The two merchant empires used significantly different compensation structures: working for the king of Portugal corresponded to a higher bonus share of compensation on average than that of the Dutch East India Company. These results are consistent with theoretical implications and provide additional support to the historical evidence we have on the organizational structure of merchant empires.
|Item Type:||MPRA Paper|
|Original Title:||Incentives in Merchant Empires: Portuguese and Dutch Labor Compensation|
|Keywords:||Merchant Empires, Labor Compensation, Incentives, Monitoring|
|Subjects:||N - Economic History > N3 - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy > N34 - Europe: 1913-
J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J33 - Compensation Packages; Payment Methods
|Depositing User:||Claudia Rei|
|Date Deposited:||09. Feb 2011 16:23|
|Last Modified:||11. Feb 2013 19:06|
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