Artists as Workers
Labour market economics has established a clear theoretical foundation for analysing the labour supply decisions of workers and for identifying the determinants of their incomes. Empirical testing of hypotheses in this area has indicated that for the majority of workers financial motives play an important if not dominant role in decision making. Labour economists have also had something to say about employment and earnings determinants amongst professional workers such as researchers, doctors, academics and artists, for whom nonpecuniary influences might be expected to be significant. Following the seminal work in this area in the 1930s and 1940s by Friedman and Kuznets (1945), a number of studies in various professions have suggested that if a distinction between “professional” and “other” workers is in fact valid, it is only one of degree, i.e. that both pecuniary and nonpecuniary factors influence all workers’ decisions, but with some differences in the relative importance of these factors between different groups of workers.
KeywordsLabour Market Labour Supply Visual Artist Labour Supply Decision Earning Function
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