Personnel Economics In Imperfect Labour Markets

Paperback | March 16, 2006

byPietro Garibaldi

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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 growingin 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, wherewage 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 tobe 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 wesolve the employment/hours trade-off? These questions and more are discussed within the text.

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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 growingin Europe and in the rest of the world. Yet...

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 wa...

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Format:PaperbackDimensions:280 pages, 9.21 × 6.14 × 0.59 inPublished:March 16, 2006Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199280673

ISBN - 13:9780199280674

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Table of Contents

1. Preface2. Personnel Economics and Non-Competitive Labour Markets3. The Optimal Skill Ratio4. The Hours-Employment Trade-Off5. Temporary or Permanent?6. Managing Adverse Selection in Recruiting7. Optimal Compensation Schemes8. Pay for Performance with Wage Constraints9. Further Issues in Compensation10. Training and Human Capital Investment11. Training Investment in Imperfect Labour Markets12. Job Destruction13. Further Issues in Employment Protection Legislation14. Teams and Group IncentivesAppendices