personnel economics

Edward Lazear
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
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Abstract

Personnel economics is the application of economic and mathematical approaches and econometric and statistical methods to traditional questions in human resources management. Many of the issues studied by personnel economists can be found in traditional textbooks written by organizational behaviour scholars and other human resources specialists. Economists have something new to say about these issues, however, primarily because economics provides a rigorous, and in many cases more straightforward, way to think about these human resources questions than do the more sociological and psychological approaches.
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See Also

Much of this article is excerpted from a larger overview on personnel economics in R. Gibbons and J. Roberts (eds), Handbook of Organizational Economics, Princeton: Princeton University Press, 2008.
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How to cite this article

Lazear, Edward. "personnel economics." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 29 August 2014 <http://www.dictionaryofeconomics.com/article?id=pde2008_P000327> doi:10.1057/9780230226203.1275

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