Kast, Jakub; Moore, Lyndon - In: Cliometrica, Journal of Historical Economics and … 4 (2010) 3, pp. 321-348
The German firm of Siemens and Halske introduced many enterprising features of what later came to be known as welfare capitalism in the mid-nineteenth century. Profit sharing, annual bonuses, a pension fund, a reduction in work hours, and an annual party were all means to ensure a productive,...