TY - JOUR
T1 - Flexible Supply of Apprenticeship in the British Industrial Revolution
AU - Zeev, Nadav Ben
AU - Mokyr, Joel
AU - Beek, Karine Van Der
N1 - Publisher Copyright:
Copyright © The Economic History Association 2017.
PY - 2017/3/1
Y1 - 2017/3/1
N2 - We use annual information on apprenticeships in England between 1710-1805 to estimate the dynamic supply-responsiveness in this market in the presence of the increasingly powerful technological shocks as the Industrial Revolution proceeded apace. Using both an Instrumental Variable method and a dynamic Vector Autoregression framework (VAR) system to identify the long-run response functions, we find evidence of an elastic supply, sufficiently high as to allow quantities to rise considerably in response to demand shocks. This finding lends support to the view that Britain's apprenticeship institution was the source of its advantage in skilled mechanical labor, so critical to its economic success.
AB - We use annual information on apprenticeships in England between 1710-1805 to estimate the dynamic supply-responsiveness in this market in the presence of the increasingly powerful technological shocks as the Industrial Revolution proceeded apace. Using both an Instrumental Variable method and a dynamic Vector Autoregression framework (VAR) system to identify the long-run response functions, we find evidence of an elastic supply, sufficiently high as to allow quantities to rise considerably in response to demand shocks. This finding lends support to the view that Britain's apprenticeship institution was the source of its advantage in skilled mechanical labor, so critical to its economic success.
UR - http://www.scopus.com/inward/record.url?scp=85013499626&partnerID=8YFLogxK
U2 - 10.1017/S0022050717000043
DO - 10.1017/S0022050717000043
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AN - SCOPUS:85013499626
SN - 0022-0507
VL - 77
SP - 208
EP - 250
JO - Journal of Economic History
JF - Journal of Economic History
IS - 1
ER -
