On the Idiosyncrasies of the Labour Market for Visual Artists

25 Pages Posted: 4 May 2019

See all articles by Joop Hartog

Joop Hartog

University of Amsterdam - Faculty of Economics and Business (FEB); Tinbergen Institute; CESifo (Center for Economic Studies and Ifo Institute); IZA Institute of Labor Economics

Monika Kackovic

University of Amsterdam

Date Written: June 2019

Abstract

Labour markets for visual artists active on the primary art market are characterized by the oversupply of producers, strong product heterogeneity, elusive buyer tastes, and highly uncertain incomes. Self‐employment is the rule, and often, in combination with other (non)art‐related work. First, we describe these features and provide empirical evidence for the Netherlands. Second, we build an analytical model by adjusting the standard model of labour supply to allow for these features. Third, we provide further suggestions for empirical work focusing on career dynamics in markets with extreme uncertainty.

Suggested Citation

Hartog, Joop and Kackovic, Monika, On the Idiosyncrasies of the Labour Market for Visual Artists (June 2019). LABOUR, Vol. 33, Issue 2, pp. 162-186, 2019. Available at SSRN: https://ssrn.com/abstract=3382463 or http://dx.doi.org/10.1111/labr.12140

Joop Hartog (Contact Author)

University of Amsterdam - Faculty of Economics and Business (FEB) ( email )

Roetersstraat 11
Amsterdam, 1018 WB
Netherlands

Tinbergen Institute

Burg. Oudlaan 50
Rotterdam, 3062 PA
Netherlands

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Monika Kackovic

University of Amsterdam

Spui 21
Amsterdam, 1018 WB
Netherlands

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