Personnel Economics

58 Pages Posted: 15 Oct 2007 Last revised: 2 Nov 2022

See all articles by Edward P. Lazear

Edward P. Lazear

Stanford Graduate School of Business; National Bureau of Economic Research (NBER); IZA Institute of Labor Economics

Paul Oyer

Stanford Graduate School of Business; National Bureau of Economic Research (NBER)

Date Written: October 2007

Abstract

In this review of the personnel economics literature, we introduce key topics of personnel economics, focus on some relatively new findings that have emerged since prior reviews of some or all of the personnel economics literature, and suggest open questions in personnel economics where future research can make valuable contributions to the literature. We explore five aspects of the employment relationship - incentives, matching firms with workers, compensation, skill development, and the organization of work - reviewing the main theories, empirical tests of those theories, and the open questions in each area.

Suggested Citation

Lazear, Edward P. and Oyer, Paul, Personnel Economics (October 2007). NBER Working Paper No. w13480, Available at SSRN: https://ssrn.com/abstract=1020906

Edward P. Lazear (Contact Author)

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Paul Oyer

Stanford Graduate School of Business ( email )

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