Основи на съвременната икономика: Едуард П. Лейзиър и икономиката на персонала
Foundations of Contemporary Economics: Edward P. Lazear and Personnel Economics
Author(s): Henrik Egbert, Teodor Sedlarski, Aleksandar B. TodorovSubject(s): Economy, Business Economy / Management
Published by: Институт за икономически изследвания при Българска академия на науките
Keywords: Edward Lazear; personnel economics; tournament; incentive structure; sabotage; wage model; compensation; employment; labor contract
Summary/Abstract: Edward P. Lazear (1948-2020) is one of the most influential economists in the field of applied Labor Economics in modern time. He founded Personnel Economics, which applies an economic approach to Human Resources. His work linked traditional Labor Economics with the empirical analysis of behavior in organizations (mostly private enterprises) and labor markets. He revolutionized thinking about Human Resources and integrated this field into economic analysis. His views stand in the tradition of the Chicago School of Economics. Besides his scientific work, Lazear was an influential political adviser. In this survey, we provide a short overview of some of his pathbreaking contributions. These include mandatory retirement, rank-order tournaments, incentive structures and compensation schemes.
Journal: Икономическа мисъл
- Issue Year: 2022
- Issue No: 6
- Page Range: 671-691
- Page Count: 21
- Language: Bulgarian
