Personnel Economics

Edited by Edward P. Lazear, Jack Steele Parker Professor of Economics and Human Resource Management, Graduate School of Business and Morris A. Cox Senior Fellow, Hoover Institution, Stanford University, US and Robert McNabb, Professor of Economics, Cardiff Business School, Cardiff University, UK

• Contents:Volume I: The ConceptsAcknowledgementsIntroduction Edward P. Lazear and Robert McNabbPART ITHEORETICAL FOUNDATIONS ABasics1. Gary S. Becker (1962), ‘Investment in Human Capital: A Theoretical Analysis’2. Stephen A. Ross (1973), ‘The Economic Theory of Agency: The Principal’s Problem’3. Joseph E. Stiglitz (1975), ‘Incentives, Risk, and Information: Notes Towards a Theory of Hierarchy’4. Edward P. Lazear (1979), ‘Why Is There Mandatory Retirement?’5. Bengt Holmström (1979), ‘Moral Hazard and Observability’6. Eugene F. Fama (1980), ‘Agency Problems and the Theory of the Firm’7. Assar Lindbeck and Dennis J. Snower (1986), ‘Wage Setting, Unemployment, and Insider–Outsider Relations’B Tournaments8. Edward P. Lazear and Sherwin Rosen (1981), ‘Rank-Order Tournaments as Optimum Labor Contracts’9. Sherwin Rosen (1986), ‘Prizes and Incentives in Elimination Tournaments’10. Edward P. Lazear (1989), ‘Pay Equality and Industrial Politics’CMeasurement11. Edward P. Lazear (1986), ‘Salaries and Piece Rates’12. George P. Baker (1992), ‘Incentive Contracts and Performance Measurement’13. Margaret A. Meyer (1994), ‘The Dynamics of Learning with Team Production: Implications for Task Assignment’PART IITHEORETICAL ISSUES: PUZZLES, ANALYSIS AND ANSWERS 14. H. Lorne Carmichael (1988), ‘Incentives in Academics: Why Is There Tenure?’15. Charles Kahn and Gur Huberman (1988), ‘Two-sided Uncertainty and “Up-or-Out” Contracts’16. Eugene Kandel and Edward P. Lazear (1992), ‘Peer Pressure and Partnerships’17. Canice J. Prendergast (1995), ‘A Theory of Responsibility in Organizations’18. Sherwin Rosen (1992), ‘The Military as an Internal Labor Market: Some Allocation, Productivity, and Incentive Problems’PART IIITHE JOB 19. Edward P. Lazear (1992), ‘The Job as a Concept’20. George Baker, Michael Gibbs and Bengt Holmstrom (1994), ‘The Internal Economics of the Firm: Evidence from Personnel Data’21. Michael L. Wachter and Randall D. Wright (1990), ‘The Economics of Internal Labor Markets’22. Robert Gibbons and Michael Waldman (1999), ‘A Theory of Wage and Promotion Dynamics Inside Firms’23. Oliver E. Williamson, Michael L. Wachter and Jeffrey E. Harris (1975), ‘Understanding the Employment Relation: The Analysis of Idiosyncratic Exchange’PART IVPERSONNEL STRATEGY 24. Casey Ichniowski, Kathryn Shaw and Giovanna Prennushi (1997), ‘The Effects of Human Resource Management Practices on Productivity: A Study of Steel Finishing Lines’25. Richard B. Freeman and Edward P. Lazear (1995), ‘An Economic Analysis of Works Councils’26. Julio J. Rotemberg (1994), ‘Human Relations in the Workplace’27. Raaj Kumar Sah and Joseph E. Stiglitz (1986), ‘The Architecture of Economic Systems: Hierarchies and Polyarchies’28. Renée M. Landers, James Rebitzer and Lowell J. Taylor (1996), ‘Rat Race Redux: Adverse Selection in the Determination of Work Hours in Law Firms’Name IndexVolume II: Personnel Economics and PerformanceAcknowledgementsAn introduction by the editors to both volumes appears in Volume IPART IPIECE RATE PAY 1. Edward P. Lazear (2000), ‘Performance Pay and Productivity’2. Beth J. Asch (1990), ‘Do Incentives Matter? The Case of Navy Recruiters’3. Sue Fernie and David Metcalf (1999), ‘It’s not What You Pay it’s the Way that You Pay it and that’s What Gets Results: Jockeys’ Pay and Performance’4. Charles Brown (1990), ‘Firms’ Choice of Method of Pay’PART IIPROFIT SHARING AND TOURNAMENT PAY STRUCTURES, OTHER INCENTIVE SCHEMES 5. Robert Drago and Gerald T. Garvey (1998), ‘Incentives for Helping on the Job: Theory and Evidence’6. Tor Eriksson (1999), ‘Executive Compensation and Tournament Theory: Empirical Tests on Danish Data’7. Charles R. Knoeber and Walter N. Thurman (1994), ‘Testing the Theory of Tournaments: An Empirical Analysis of Broiler Production’8. Daniel M.G. Raff and Lawrence H. Summers (1987), ‘Did Henry Ford Pay Efficiency Wages?’9. Jonathan S. Leonard (1987), ‘Carrots and Sticks: Pay, Supervision, and Turnover’10. David G. Blanchflower and Andrew J. Oswald (1988), ‘Profit-Related Pay: Prose Discovered?’11. Robert McNabb and Keith Whitfield (1998), ‘The Impact of Financial Participation and Employee Involvement on Financial Performance’PART IIIEXECUTIVE COMPENSATIONS 12. Michael C. Jensen and Kevin J. Murphy (1990), ‘Performance Pay and Top-Management Incentives’13. Robert Gibbons and Kevin J. Murphy (1990), ‘Relative Performance Evaluation for Chief Executive Officers’14. Brian G.M. Main, Alistair Bruce and Trevor Buck (1996), ‘Total Board Remuneration and Company Performance’15. Jonathan S. Leonard (1990), ‘Executive Pay and Firm Performance’Name Index