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.
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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.
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1. Preface ; 2. Personnel Economics and Non-Competitive Labour Markets ; 3. The Optimal Skill Ratio ; 4. The Hours-Employment Trade-Off ; 5. Temporary or Permanent? ; 6. Managing Adverse Selection in Recruiting ; 7. Optimal Compensation Schemes ; 8. Pay for Performance with Wage Constraints ; 9. Further Issues in Compensation ; 10. Training and Human Capital Investment ; 11. Training Investment in Imperfect Labour Markets ; 12. Job Destruction ; 13. Further Issues in Employment Protection Legislation ; 14. Teams and Group Incentives ; Appendices
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Garibaldi's work should not be underestimated and would be inspirational to economists resesarching in personnel economics
Topic of growing importance in business and economics Each chapter is designed to be covered in one lecture Includes case studies and analysis
Pietro Garibaldi is currently a Professor of Economics at the University of Turin, and acts as Economic Counselor to the Italian Ministry of Finance. He is also head of Labor Studies for the Fondazione Debenedetti, and research fellow at Igier Milan, CEPR and IZA. He holds a Phd in Economics from the London School of Economics. He was previously an economist in the IMF Research Department and an Associate Professor of Economics at Bocconi University.
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Topic of growing importance in business and economics Each chapter is designed to be covered in one lecture Includes case studies and analysis

Produktdetaljer

ISBN
9780199280674
Publisert
2006
Utgiver
Vendor
Oxford University Press
Vekt
456 gr
Høyde
233 mm
Bredde
157 mm
Dybde
15 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
278

Forfatter

Biographical note

Pietro Garibaldi is currently a Professor of Economics at the University of Turin, and acts as Economic Counselor to the Italian Ministry of Finance. He is also head of Labor Studies for the Fondazione Debenedetti, and research fellow at Igier Milan, CEPR and IZA. He holds a Phd in Economics from the London School of Economics. He was previously an economist in the IMF Research Department and an Associate Professor of Economics at Bocconi University.