How should firms select their employees? How should they design
their compensation schemes such that employees are motivated to
work hard? How do the performance and compensation of teammates
influence workers' motivation and productivity? Personnel economics
examines human resource practices and answers questions that are of
paramount importance for business leaders around the globe. In this
volume, Edward P. Lazear, a founding father of personnel economics
and winner of the IZA Prize in Labor Economics 2004, takes stock of
the economic analysis of personnel management, and the advancements
and achievements that have been made in this field over the past 30
years. The book contains an impressive selection of Lazear's most
important papers. It provides a unifying approach to human resource
practices and a useful reference on personnel strategies such as
hiring, motivating, and training an effective work force.
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