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Human Resource Management and Productivity

Nicholas Bloom () and John van Reenen ()

Chapter 19 in Handbook of Labor Economics, 2011, vol. 4B, pp 1697-1767 from Elsevier

Abstract: In this chapter we examine the relationship between Human Resource Management (HRM) and productivity. HRM includes incentive pay (individual and group) as well as many non-pay aspects of the employment relationship such as matching (hiring and firing) and work organization (e.g. teams, autonomy). We place HRM more generally within the literature on management practices and productivity. We start with some facts on levels and trends of both HRM and productivity and the main economic theories of HRM. We look at some of the determinants of HRM--risk, competition, ownership and regulation. The largest section analyzes the impact of HRM on productivity emphasizing issues of methodology, data and results (from micro-econometric studies). We conclude briefly with suggestions of avenues for future frontier work.

Keywords: Human resource management; Productivity; Personnel Economics (search for similar items in EconPapers)
JEL-codes: J0 (search for similar items in EconPapers)
Date: 2011
ISBN: 978-0-444-53452-1
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Working Paper: Human Resource Management and Productivity (2010) Downloads
Working Paper: Human Resource Management and Productivity (2010) Downloads
Working Paper: Human resource management and productivity (2010) Downloads
Working Paper: Human Resource Management and Productivity (2010) Downloads
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