Personnel Economics

Contents......Page 6
Preface (ix)......Page 7
Acknowledgment (xi)......Page 8
What Is "the Economics of Personnel"? (1)......Page 10
Four Themes (2)......Page 11
Theories of Compensation (3)......Page 12
Job Design and Job Definition (4)......Page 13
Training (5)......Page 14
The Role of Business School Economists (6)......Page 15
Normative and Positive Economics (7)......Page 16
Organization of the Lectures (10)......Page 19
Piece Rate Pay (13)......Page 21
Payment by Input versus Payment by Output (19)......Page 27
Relative versus Absolute (25)......Page 33
Industrial Politics (33)......Page 41
4. Work-Life Incentive Schemes (39)......Page 46
Pensions (42)......Page 49
Free-Rider Problems and Compensation Method (47)......Page 53
Stock Incentive Plans (52)......Page 58
Nonpecuniary Compensation (57)......Page 63
Comparable Worth (62)......Page 68
Bonuses and Penalties (65)......Page 71
Macroeconomic Issues (69)......Page 75
Efficiency Wages (70)......Page 76
Reputation and Ex post Settling Up (72)......Page 78
Insider-Outsider Theories (73)......Page 79
Worker Turnover (74)......Page 80
7. The Job (77)......Page 83
Tournaments (79)......Page 85
Hierarchies (83)......Page 89
Insurance (84)......Page 90
Investment (85)......Page 91
The Job as a Set of Tasks (86)......Page 92
Job Assignment and Lifetime Wealth (87)......Page 93
Jobs and Turnover (88)......Page 94
Matching (91)......Page 97
Jobs and Male-Female Wage Differentials (93)......Page 99
Job Evaluation (99)......Page 105
Performance Appraisal (102)......Page 108
9. Institutions (111)......Page 117
Tenure (112)......Page 118
Monopsony and Dishonesty (113)......Page 119
Up-or-Out (114)......Page 120
Legal Constraints in the Labor Market (115)......Page 121
Multiskilling and Centralization of Authority (119)......Page 125
Structuring Integration within an Organization (123)......Page 129
Product or Function? (126)......Page 132
The Structure of Contests within Organization (127)......Page 133
The Selection of Groups of Workers (132)......Page 138
Internal Promotion versus External Hiring (135)......Page 141
Worker Participation in Corporate Governance (136)......Page 142
Reductions in Force and Corporate Governance (139)......Page 145
3. Jobs or Individuals (143)......Page 149
7. International Differences in Labor Usage (144)......Page 150
10. Speed of Promotions (145)......Page 151
11. Multinational Personnel Issues (146)......Page 152
11. Conclusion (147)......Page 153
Chapter 2 (151)......Page 157
Chapter 4, 5 (152)......Page 158
Chapter 7 (153)......Page 159
Chapter 8, 9 (154)......Page 160
Chapter 10 (155)......Page 161
References (157)......Page 163
Index (165)......Page 171