Personnel Economics

Personnel Economics

eBook - 1995
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MIT Press
ontrary 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.
Winner, Leo Malamed Prize presented by the Journal of Business. and Choice Outstanding Academic Title, 1996.

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.

Book News
Lazear (human resources and economics, Stanford) shows that economic analysis can be extended to personnel issues that arise in business on a daily basis. His focus is on compensation and its relation to worker motivation, selection, and teamwork but he also discusses job design, job evaluation, institutional arrangements, and directions for future research. Annotation c. by Book News, Inc., Portland, Or.

Publisher: Cambridge, Mass. : MIT Press, c1995
ISBN: 9780585021263
0585021260
0262121883
Characteristics: 1 online resource (170 p.) : ill

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