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The internal labour dynamics of the Great Eastern Railway Company, 1870–1913
Author(s) -
HOWLETT PETER
Publication year - 2004
Publication title -
the economic history review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.014
H-Index - 49
eISSN - 1468-0289
pISSN - 0013-0117
DOI - 10.1111/j.1468-0289.2004.00282.x
Subject(s) - demotion , promotion (chess) , wage , labour economics , business , dynamics (music) , market economy , economics , human resources , management , political science , sociology , pedagogy , politics , law
An important labour market development towards the end of the nineteenth century was the rise of the internal labour market. Railway companies were pioneers in this area, and this article presents an analysis of the career histories of 848 traffic staff workers of the Great Eastern Railway Company. This large longitudinal sample provides the first detailed account of the internal labour dynamics of a pre‐1914 railway company, providing a unique insight into an early internal labour market. It shows that there was a clearly structured market for unskilled entrants, that promotion and demotion were an important managerial tool, and that there was a significant wage premium for promotion.