Personnel Economics in Imperfect Labour Markets

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OUP Oxford, Mar 16, 2006 - Business & Economics - 258 pages
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Personnel economics, the use of economics for studying human resource issues, is becoming a standard course in business and economics departments around the world. Indeed, after being successfully introduced in North American business schools, the teaching of personnel economics is now growing in Europe and in the rest of the world. Yet, most of the traditional analysis of personnel economics assumes a perfectly competitive labour market, a situation in which wages are fully flexible and dismissals can take place at no cost. Such a setting is inappropriate for most European markets, where wage rigidity and wage compression are widespread phenomena, and where employment protection legislation is very stringent. Personnel Economics in Imperfect Labour Markets aims to describe key personnel issues when firms and human resource managers act in highly regulated labour markets. Written to be accessible to students, the book provides original answers to questions which have previously been left to specialized academic journals. Should hiring take place under temporary or permanent contracts? How can we provide compensation related incentives when minimum wages are binding? How de we solve the employment/hours trade-off? These questions and more are discussed within the text.

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About the author (2006)


Pietro Garibaldi is currently a Professor of Economics at the University of Turin, and acts as Economic Counselor to the Italian Ministry of Finance. He is also head of Labor Studies for the Fondazione Debenedetti, and research fellow at Igier Milan, CEPR and IZA. He holds a Phd in Economics from the London School of Economics. He was previously an economist in the IMF Research Department and an Associate Professor of Economics at Bocconi University.

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