Salaries and career earnings in the Bank of Scotland, 1730-1880

Boot, H. M.

doi:10.1111/j.1468-0289.1991.tb01284.x

Cited by 9 publications

(10 citation statements)

References 4 publications

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“…The system of internal labour market described above probably had its origins in England and Scotland in the late eighteenth century (Boot, 1991). It survived relatively intact through the 1960s, but today it no longer exists.…”

Section: Recent Changesmentioning

confidence: 98%

Internal labour markets in the Australian banking industry: their nature prior to the Second World War and their recent decline

Seltzer¹

2004

Accounting, Business & Financial History

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This paper uses evidence from late nineteenth-and early twentieth-century personnel records of two Australian banks to examine the nature of internal labour markets prior to the Second World War. It is argued that the industry possessed all the classic features of internal labour markets: limited ports of entry, internal promotion, long careers, and assignment of wages by well-defined rules. The paper then examines the reasons why banks adopted internal labour markets. Finally, the paper examines the recent decline of internal labour markets and examines the role of technological and social changes in this decline.Australian banking, internal labour markets, personnel practices, technological change, promotion, deferred compensation,

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Section: Recent Changesmentioning

confidence: 98%

Internal labour markets in the Australian banking industry: their nature prior to the Second World War and their recent decline

Seltzer¹

2004

Accounting, Business & Financial History

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“…When banks evolved from operating a single branch to operating extensive branch networks, they began to adopt bureaucratic personnel practices. This transformation occurred first in Scotland in the late eighteenth century (see Boot ). A second pertinent feature of banking is that the nature of the business required meticulous record keeping.…”

Section: Historical Recordsmentioning

confidence: 99%

Administrative and Survey Data in Personnel Economics

Bagger¹,

Seltzer²

2014

Australian Economic Review

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The number of empirical studies in personnel economics using administrative data has grown rapidly in recent years. We survey the use of administrative data to examine employment contracts. Specifically, we consider three types of data that have been widely used in empirical studies: historical firm-level records, contemporary firm-level records and national matched employer-employee records. Studies using this sort of administrative data have shed considerable light on the nature of employment relationships.

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“…Salaries of white-collar workers during the Industrial Revolution are an underexplored puzzle. Boot (1991) highlighted the fragmentary nature of evidence on the salaries of privately employed white-collar workers before the twentieth century, although he stated that some use has been made of public sector pay scales to indicate movements in privately employed white-collar workers with mixed success. Consistent white-collar and blue-collar wage series are needed for the study of income distribution during the period and this paper provides new and consistent white-collar wages series based on individual-level data during the Industrial Revolution.…”

Section: Introductionmentioning

confidence: 99%

“…Wage statistics for blue-collar workers in Great Britain during this period are easier to obtain and interpret than for white-collar workers. This has led to the relative neglect of service sector pay, especially applicable to privately employed white-collar workers (Boot, 1991;Williamson, 1985; Williamson, 1982). This is an omission that leaves out lots of important information as the service sector encompassed 30.5% of the British labour force in 1871 (Mitchell & Deane, 1962).…”

Section: Introductionmentioning

confidence: 99%

“…This is an omission that leaves out lots of important information as the service sector encompassed 30.5% of the British labour force in 1871 (Mitchell & Deane, 1962). Boot (1991) used data on wages at the Bank of Scotland to contribute to an understanding of movement in white-collar workers' pay between 1730 and 1880. The Bank of Scotland was a representative of free banking during the period under analysis.…”

Section: Introductionmentioning

confidence: 99%

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Assessment of income inequality in the nineteenth century Great Britain’s banking industry

Visockytė¹

2018

AESR

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This paper presents new historical series of wages of white-collar workers in England during the Industrial Revolution that is based on individual-level data. Both nominal and real wages are shown for different categories of employees.Šiame straipsnyje pristatoma nauja, istorinė Anglijos bankų sektoriaus atlyginimų serija, buvusi pramonės perversmo metu, sudaryta iš archyvinės medžiagos individualiu lygmeniu. Nominalūs ir realūs atlyginimai suskirstyti pagal skirtingas darbuotojų kategorijas.

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Salaries and career earnings in the Bank of Scotland, 1730-1880

Cited by 9 publications

References 4 publications

Internal labour markets in the Australian banking industry: their nature prior to the Second World War and their recent decline

Internal labour markets in the Australian banking industry: their nature prior to the Second World War and their recent decline

Administrative and Survey Data in Personnel Economics

Assessment of income inequality in the nineteenth century Great Britain’s banking industry

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