Age and the Quality of Work: The Case of Modern American Painters

Inequalities in income and education and regional economic growth in western Europe

“…Nevertheless, the short-run coefficient on population ageing is negative and statistically significant, underscoring that older workers may be, on average, less productive than younger ones for several reasons (Tang and MacLeod 2006). First, younger and older workers differ in their levels of technology adoption, as the former are the primary adopters and beneficiaries of new technologies, while the latter tend to be, by and large, less willing or capable to learn new ways of doing things (Galenson and Weinberg 2000). Second, both types of workers may differ in work effort, as younger workers in general tend to work longer hours, tend to be healthier and on average take fewer days in sick leave than older workers (Cheal 2000).…”

Two games in town: a comparison of dealer and auction prices in contemporary visual arts markets

“…A further problem could be sample selection bias: when registering the works of a particular artist sold in a given year, the auctioned paintings tend to be ''older'' than the ones sold through dealers. There is mixed evidence in research 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 year index (base 2003) about the connection between the time of execution and prices paid for works at a later point in time (Galenson and Weinberg 2000;Edwards 2004;Galenson 2005). Such considerations must be kept in mind, but they do not invalidate the significance of the differences between the two markets as registered in our two tests.…”

“…The subject is not entirely new. Studies for the influence of the age of an artist on the price of his works in auction markets have been done by Galenson and Weinberg (2000) and by Landes (2000). The results show significant positive effects of age on prices and thus support Singer's ''artist capital stock'' hypothesis.…”

Investment in early American art: the impact of transaction costs and no-sales on returns

“…The origins of abstract expressionism, already underway during World War II and through the 1940s, sparked an earthquake in the type of art produced. Innovation became the order of the day as Galenson and Weinberg (2000) suggested. Henceforth, ''pre-1950s'' American art became a bifurcated category and it remains so.…”