875181


Course
Personnel Economics (Cancelled)

Faculty
Prof. Dr. Niels Westergaard-Nielsen, CBS
Prof. Dr. Tor Eriksson, Aarhus University

Course Coordinator
Prof. Dr. Niels Westergaard-Nielsen

Prerequisites

Prerequisite for participation: The course is given at a graduate level, which means that it is assumed that participants can read articles from the literature of  Personnel Economics. Basic understanding of econometrics and economic theory is here necessary at a master’s level within economics, sociology and political science. Thus, prerequisites are not different from those for starting a Phd. Compared to a masters course in Personnel Economics this course has much more emphasis on recent literature and empirical research.


Aim
Personnel economics is relevant for all theoretical and empirical studies of human relations management within single firms and the entire labour market. Personnel economics is taught at most well known business schools around the world.

Personnel Economics differs from conventional Labor Economics in that it focuses on what happens inside firms and organizations. It deals with employment contracts, wage structures, employer-employee interactions and other issues related to the workplace. A central area of research is concerned with how to structure jobs and incentives inside firms to achieve desirable outcomes for employers as well as employees. This course will present and discuss some of the key topics in Personnel Economics research and the latest developments therein. In addition, the course will also cover selected topics in Labor Economics related to the Personnel Economics literature.


Course content
Incentives:

Moral hazard; the principal agent problem - Subjective measurement - Promotions and tournaments - Intrinsic rewards, reciprocity, fairness - Equity, stock options


Matching firms and workers:

- Recruitment - Asymmetric information - Entrepreneurship

- Performance measurement; distortions - Relative performance evaluation – Monitoring - Risk-incentives trade-off

- Incentives and sorting

- Learning models - Worker turnover


Compensation:

Levels and structures of compensation - Executive compensation


Organisational structure of work and workplaces:

- Coordination, specialisation and adaptation - Social capital, networks - Empowerment


Topics in labor economics:

Intergenerational mobility - Vignettes method applications in labor economics

 


Teaching style
Interactive and lectures

Lecture plan
Each day starts with a couple of lectures.

After lunch participants will present their own papers within the field. Discussants, named among participants, will start the discussion. In cases, where participants cannot present their own work, they will be allocated to present recent articles in the field. The idea here is that all participants should take active part.

On the 4th day a practioneer will be available for interviews by the participants about a defined topic. Participants will have to prepare for these interviews in group work on day 2 and 3.

Learning objectives
Students will get an introduction to the field of Personnel Economics and will be given an overview of empirical applications.

Exam

Other

Start date
02/10/2017

End date
06/10/2017

Level
PhD

ECTS
5

Language
English

Course Literature
Incentives in teams, peers, social interaction - HRM and other management practices Basics textbook:
Lazear, E. and M. Gibbs (2009), Personnel Economics in Practice. J Wiley & Sons Three recent, useful surveys:
Lazear, E. and P. Oyer (2013), “Personnel Economics”, in R. Gibbons and J. Roberts , eds., Handbook of Organizational Economics, Princeton University Press, 479-519
Oyer, P. and S. Schaefer (2011), “Personnel Economics: Hiring and Incentives”, in: D. Card and O. Ashenfelter, eds., Handbook of Labor Economics, Volume 4, Part B, Elsevier, Amsterdam, 1769-1823
Bloom, N. and J. van Reenen (2011), “Human Resource Management and Productivity”, in: D. Card and O. Ashenfelter, eds., Handbook of Labor Economics, Volume 4, Part B, Elsevier, Amsterdam, 1697-1767 Other literature will be assigned

Fee
6,500 DKK

Minimum number of participants
10

Maximum number of participants
20

Location
Kilevej 14A - room K1.43
2000 Frederiksberg

Contact information
Bente S. Ramovic
bsr.research@cbs.dk
T
el +45 3815 3138

Registration deadline
08/09/2017

Top