Human Resources and Incentive Contracts

Andrew Seltzer

Chapter 22 in An Economist’s Guide to Economic History, 2018, pp 185-192 from Palgrave Macmillan

Abstract: Abstract Personnel economics is the study of contracts between workers and firms. The principal (the employer) hires an agent (the worker) to perform a series of tasks. However, the principal and agent share neither the same underlying objectives nor information sets. This chapter illustrates how research in economic history can help to address challenges relating the employment relationship, including hiring, training, job assignments, and compensation.

JEL-codes: M51 M52 M55 N30 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-319-96568-0_22

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DOI: 10.1007/978-3-319-96568-0_22

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