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Personnel Economics: Strengths, Weaknesses and Its Place in Human Resource Management

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  • Alexander Dilger

Abstract

Personnel economics is a rather young academic (sub-)discipline that applies (micro)economic methodology and insights to the personnel function of companies. It is scientifically fertile and complementary to other disciplinary approaches to personnel issues. Instead of that, an approach without a grounding discipline seems dubious and a self-contained personnel science does not exist.

Suggested Citation

  • Alexander Dilger, 2011. "Personnel Economics: Strengths, Weaknesses and Its Place in Human Resource Management," management revue. Socio-economic Studies, Rainer Hampp Verlag, vol. 22(4), pages 331-343.
    • Handle: RePEc:rai:mamere:1861-9908_mrev_2011_4_dilger
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    References listed on IDEAS

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    1. Albert Martin, 2004. "A Plea for a Behavioural Approach in the Science of Human Resources Management," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 15(2), pages 201-214.
    2. Lazear, Edward P & Rosen, Sherwin, 1981. "Rank-Order Tournaments as Optimum Labor Contracts," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 841-864, October.
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    5. Wolfgang Weber & Ruediger Kabst, 2004. "Human Resource Management: The Need for Theory and Diversity," management revue. Socio-economic Studies, Rainer Hampp Verlag, vol. 15(2), pages 171-177.
    6. Uschi Backes-Gellner, 2004. "Personnel Economics: An Economic Approach to Human Resource Management," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 15(2), pages 215-227.
    7. Dirk Sliwka, 2007. "Trust as a Signal of a Social Norm and the Hidden Costs of Incentive Schemes," American Economic Review, American Economic Association, vol. 97(3), pages 999-1012, June.
    8. Wolfgang Weber & Ruediger Kabst, 2004. "Human Resource Management: The Need for Theory and Diversity," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 15(2), pages 171-177.
    9. Albert Martin, 2004. "A Plea for a Behavioural Approach in the Science of Human Resources Management," management revue. Socio-economic Studies, Rainer Hampp Verlag, vol. 15(2), pages 201-214.
    10. Wolfgang Weber & Ruediger Kabst, 2004. "Human Resource Management: The Need for Theory and Diversity," management revue - Socio-Economic Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 15(2), pages 171-177.
    11. Wolfgang Weber & Ruediger Kabst, 2004. "Human Resource Management: The Need for Theory and Diversity," management revue. Socio-economic Studies, Rainer Hampp Verlag, vol. 15(2), pages 171-177.
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    Cited by:

    1. Franck Bailly, 2022. "When mainstream economics does human resource management: a critique of personnel economics’ prescriptive ambition," Post-Print hal-03711945, HAL.
    2. Frank Bailly, 2022. "When mainstream economics does human resource management: a critique of personnel economics' prescriptive ambition," PSL Quarterly Review, Economia civile, vol. 75(301), pages 103-117.

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    More about this item

    Keywords

    discipline; economics; HRM; human resource management; labour economics; personnel economics;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • J00 - Labor and Demographic Economics - - General - - - General
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • M50 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - General

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