Personnel Economics (Elgar Reference Collection)

Personnel Economics (Elgar Reference Collection)

by Edward P. Lazear
     
 

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ISBN-10: 1840648929

ISBN-13: 9781840648928

Pub. Date: 03/28/2004

Publisher: Elgar, Edward Publishing, Inc.

Winner of the 1998 Leo Melamed Prize sponsored by theJournal of Business


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

Overview

Winner of the 1998 Leo Melamed Prize sponsored by theJournal of Business


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:
9781840648928
Publisher:
Elgar, Edward Publishing, Inc.
Publication date:
03/28/2004
Series:
An Elgar Reference Collection
Pages:
1040
Product dimensions:
6.90(w) x 9.90(h) x 3.40(d)

Table of Contents

Vol. 1
Acknowledgementsix
Introductionxi
Part ITheoretical Foundations
ABasics
1.'Investment in Human Capital: A Theoretical Analysis', Journal of Political Economy, 70 (5, Part 2), October, 9-49 (1962)5
2.'The Economic Theory of Agency: The Principal's Problem', American Economic Review, Papers and Proceedings, 63 (2), May, 134-9 (1973)46
3.'Incentives, Risk, and Information: Notes Towards a Theory of Hierarchy', Bell Journal of Economics, 6 (2), Autumn, 552-79 (1975)52
4.'Why Is There Mandatory Retirement?', Journal of Political Economy, 87 (6), 1261-84 (1979)80
5.'Moral Hazard and Observability', Bell Journal of Economics, 10 (1), Spring, 74-91 (1979)104
6.'Agency Problems and the Theory of the Firm', Journal of Political Economy, 88 (2), April, 288-307 (1980)122
7.'Wage Setting, Unemployment, and Insider-Outsider Relations', American Economic Review, Papers and Proceedings, 76 (2), May, 235-9 (1986)142
BTournaments
8.'Rank-Order Tournaments as Optimum Labor Contracts', Journal of Political Economy, 89 (5), October, 841-64 (1981)149
9.'Prizes and Incentives in Elimination Tournaments', American Economic Review, 76 (4), September, 701-15 (1986)173
10.'Pay Equality and Industrial Politics', Journal of Political Economy, 97 (3), 561-80 (1989)188
CMeasurement
11.'Salaries and Piece Rates', Journal of Business, 59 (3), July, 405-31 (1986)211
12.'Incentive Contracts and Performance Measurement', Journal of Political Economy, 100 (3), June, 598-614 (1992)238
13.'The Dynamics of Learning with Team Production: Implications for Task Assignment', Quarterly Journal of Economics, CIX, November, 1157-84 (1994)255
Part IITheoretical Issues: Puzzles, Analysis and Answers
14.'Incentives in Academics: Why Is There Tenure?', Journal of Political Economy, 96 (3), June, 453-72 (1988)285
15.'Two-sided Uncertainty and "Up-or-Out" Contracts', Journal of Labor Economics, 6 (4), October, 423-44 (1988)305
16.'Peer Pressure and Partnerships', Journal of Political Economy, 100 (4), August, 801-17 (1992)327
17.'A Theory of Responsibility in Organizations', Journal of Labor Economics, 13 (3), July, 387-400 (1995)344
18.'The Military as an Internal Labor Market: Some Allocation, Productivity, and Incentive Problems', Social Science Quarterly, 73 (2), June, 227-37 (1992)358
Part IIIThe Job
19.'The Job as a Concept', in William J. Bruns, Jr. (ed.), Performance Measurement, Evaluation, and Incentives, Chapter 7, Boston, MA: Harvard Business School Press, 183-215 (1992)371
20.'The Internal Economics of the Firm: Evidence from Personnel Data', Quarterly Journal of Economics, CIX, November, 881-919 (1994)404
21.'The Economics of Internal Labor Markets', Industrial Relations, 29 (2), Spring, 240-62 (1990)443
22.'A Theory of Wage and Promotion Dynamics Inside Firms', Quarterly Journal of Economics, CXIV (4), November, 1321-58 (1999)468
23.'Understanding the Employment Relation: The Analysis of Idiosyncratic Exchange', Bell Journal of Economics, 6 (1), Spring, 250-78 (1975)506
Part IVPersonnel Strategy
24.'The Effects of Human Resource Management Practices on Productivity: A Study of Steel Finishing Lines', American Economic Review, 87 (3), June, 291-313 (1997)537
25.'An Economic Analysis of Works Councils', in Joel Rogers and Wolfgang Streeck (eds), Works Councils: Consultation, Representation, and Cooperation in Industrial Relations, Chapter 2, Chicago and London: University of Chicago Press, 27-50 (1995)|cRichard B. Freeman560
26.'Human Relations in the Workplace', Journal of Political Economy, 102 (4), August, 684-717 (1994)584
27.'The Architecture of Economic Systems: Hierarchies and Polyarchies', American Economic Review, 76 (4), September, 716-27 (1986)618
28.'Rat Race Redux: Adverse Selection in the Determination of Work Hours in Law Firms', American Economic Review, 86 (3), June, 329-48 (1996)630
Name Index651
Vol. 2
Acknowledgementsvii
An introduction by the editors to both volumes appears in Volume I
Part IPiece Rate Pay
1.'Performance Pay and Productivity', American Economic Review, 90 (5), December, 1346-61 (2000)3
2.'Do Incentives Matter? The Case of Navy Recruiters', Industrial and Labor Relations Review, 43, Special Issue, February, 89S-106S (1990)19
3.'It's Not What You Pay it's the Way that You Pay it and that's What Gets Results: Jockeys' Pay and Performance', Labour, 13 (2), June, 385-411 (1999)37
4.'Firms' Choice of Method of Pay', Industrial and Labor Relations Review, 43, Special Issue, February, 165S-182S (1990)64
Part IIProfit Sharing and Tournament Pay Structures, Other Incentive Schemes
5.'Incentives for Helping on the Job: Theory and Evidence', Journal of Labor Economics, 16 (1), January, 1-25 (1998)85
6.'Executive Compensation and Tournament Theory: Empirical Tests on Danish Data', Journal of Labor Economics, 17 (2), April, 262-80 (1999)110
7.'Testing the Theory of Tournaments: An Empirical Analysis of Broiler Production', Journal of Labor Economics, 12 (2), April, 155-79 (1994)129
8.'Did Henry Ford Pay Efficiency Wages?', Journal of Labor Economics, 5 (4, Part 2), October, S57-S86 (1987)154
9.'Carrots and Sticks: Pay, Supervision, and Turnover', Journal of Labor Economics, 5 (4), Part 2, October, S136-S152 (1987)184
10.'Profit-Related Pay: Prose Discovered?', Economic Journal, 98 (392), September, 720-30 (1988)201
11.'The Impact of Financial Participation and Employee Involvement on Financial Performance', Scottish Journal of Political Economy, 45 (2), May, 171-87 (1998)212
Part IIIExecutive Compensations
12.'Performance Pay and Top-Management Incentives', Journal of Political Economy, 98 (2), April, 225-64 (1990)231
13.'Relative Performance Evaluation for Chief Executive Officers', Industrial and Labor Relations Review, 43, Special Issue, February, 30S-51S (1990)271
14.'Total Board Remuneration and Company Performance', Economic Journal, 106, November, 1627-44 (1996)293
15.'Executive Pay and Firm Performance', Industrial and Labor Relations Review, 43, Special Issue, February, 13S-29S (1990)311
Name Index329

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