Personnel Economics in Imperfect Labour Markets
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Product details:
- Publisher OUP Oxford
- Date of Publication 16 March 2006
- ISBN 9780199280667
- Binding Hardback
- No. of pages278 pages
- Size 242x162x21 mm
- Weight 570 g
- Language English
- Illustrations Numerous tables and line drawings 0
Categories
Short description:
This comprehensive textbook on personnel economics is the first of its kind to be written with reference to imperfect markets. Building on traditional analysis which assumes perfectly competitive labour markets, this book introduces students to the key personnel issues faced when firms and management act in highly regulated markets.
MoreLong description:
Personnel economics, the use of economics for studying human resource issues, is becoming a standard course in business and economics departments around the world. Indeed, after being successfully introduced in North American business schools, the teaching of personnel economics is now growing in Europe and in the rest of the world. Yet, most of the traditional analysis of personnel economics assumes a perfectly competitive labour market, a situation in which wages are fully flexible and dismissals can take place at no cost. Such a setting is inappropriate for most European markets, where wage rigidity and wage compression are widespread phenomena, and where employment protection legislation is very stringent. Personnel Economics in Imperfect Labour Markets aims to describe key personnel issues when firms and human resource managers act in highly regulated labour markets. Written to be accessible to students, the book provides original answers to questions which have previously been left to specialized academic journals. Should hiring take place under temporary or permanent contracts? How can we provide compensation related incentives when minimum wages are binding? How de we solve the employment/hours trade-off? These questions and more are discussed within the text.
Garibaldi's work should not be underestimated and would be inspirational to economists resesarching in personnel economics
Table of Contents:
Preface
Personnel Economics and Non-Competitive Labour Markets
The Optimal Skill Ratio
The Hours-Employment Trade-Off
Temporary or Permanent?
Managing Adverse Selection in Recruiting
Optimal Compensation Schemes
Pay for Performance with Wage Constraints
Further Issues in Compensation
Training and Human Capital Investment
Training Investment in Imperfect Labour Markets
Job Destruction
Further Issues in Employment Protection Legislation
Teams and Group Incentives
Appendices
