Personnel Economics

Bibliographic Data

ID23398149
AuthorsEdward P Lazear (corresponding author), Robert Mcnabb
Year1995
Pages184
Publication date1995-11-28
Open AccessNo
TypeBOOK
VenuePersonnel Economics (SOURCE_BOOK)
PublisherThe MIT Press (PUBLISHER • US)
DOI10.7551/mitpress/5311.001.0001
OpenAlexW4238900661
Open LibraryOL29709616M
ISBN9780262278027
LanguageEN
Citations received62

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. 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.

Economics · Economic Policies and Impacts · Economic Theory and Institutions · Experimental Behavioral Economics Studies · Psychology · Human capital · Labor economics · Managerial economics · Merit pay · Personnel management