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Personnel Economics
     

Personnel Economics

by Edward P. Lazear
 

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ISBN-10: 0262512947

ISBN-13: 9780262512947

Pub. Date: 05/01/2009

Publisher: MIT Press

Contrary to popular opinion, human resources, in general, and personnel, in particular, are well-suited to economic analysis. Edward Lazear, who founded the subfield of personnel economics, provides a quick introduction for economists who have not studied the area. He clearly and engagingly summarizes his and others' work that has taken place during the past

Overview

Contrary to popular opinion, human resources, in general, and personnel, in particular, are well-suited to economic analysis. Edward Lazear, who founded the subfield of personnel economics, provides a quick introduction for economists who have not studied the area. He clearly and engagingly summarizes his and others' work that has taken place during the past fifteen years, including recent advances in the field.

Mainstream economic theory has been considered too abstract to be of much practical use in the hiring, organizing, and motivating of employees, leaving the field of personnel to industrial psychologists and sociologists. In this book Edward Lazear shows that economic analysis can be extended to an important, but traditionally neglected, class of practical problems. He shows that by adding more detail and structure to their theory, economists can make specific predictions and prescriptions for personnel issues that arise in business on a daily basis. Lazear focuses on compensation and its relation to worker motivation, selection, and teamwork. He also discusses job design, job evaluation, institutional arrangements, and directions for future research.

Product Details

ISBN-13:
9780262512947
Publisher:
MIT Press
Publication date:
05/01/2009
Series:
Wicksell Lectures
Edition description:
New Edition
Pages:
160
Product dimensions:
6.00(w) x 8.90(h) x 0.40(d)
Age Range:
18 Years

Table of Contents

Setting Hiring Standards.
Hiring the Right People.
Learning a Worker's Productivity.
Variable Pay or Straight Salary?
The Theory of Human Captial.
Turnover, Layoffs and Buyouts.
Information, Signalling, and Raiding.
Promotions as Motivators.
Industrial Politics.
Seniority-Based Incentive Schemes.
Teams.
More on the Employment Realtionship: Outsourcing, Contracts, Franchising, and More.
Nonmonetary Compensation.
Benefits.
The Job: Tasks and Authority.
Evaluation.
Worker Empowerment.
Glossary.
Index.

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