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基本説明
Introduces the key personnel issues faced when firms and management act in highly regulated markets.
Full 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.
Contents
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
