You are not currently logged in.
Access JSTOR through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Indentured Servitude: The Philadelphia Market, 1771-1773
Robert O. Heavner
The Journal of Economic History
Vol. 38, No. 3 (Sep., 1978), pp. 701-713
Stable URL: http://www.jstor.org/stable/2119476
Page Count: 13
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
In the 1770s Philadelphia had a well developed indentured servant market which served the city and the surrounding region. This market had many attributes of rational labor and physical capital markets and provided a means for financing migration and education. This study is of indenture records which include prices, term lengths, employer-provided amenities, and servant attributes to test hypotheses based on a rational buyer model. Results indicate that in response to the riskiness of a servant, the buyer used indexes of servant productivity and reliability; that the servant paid for amenities offered by the master, such as general education; and that there was a seasonal pattern of prices corresponding to seasonal activities of agriculture.
The Journal of Economic History © 1978 Economic History Association