ОСНОВИ НА СЪВРЕМЕННАТА ИКОНОМИКА: ЕДУАРД П. ЛЕЙЗИЪР И ИКОНОМИКАТА НА ПЕРСОНАЛА

Хенрик Егберт; Теодор Седларски; Александър Б. Тодоров

doi:10.56497/etj2267603

Articles

FOUNDATIONS OF CONTEMPORARY ECONOMICS: EDWARD P. LAZEAR AND PERSONNEL ECONOMICS

Henrik Egbert — Anhalt University of Applied Sciences, Germany

henrnikegbert@gmail.com ORCID 0000-0001-9801-4520

Teodor Sedlarski — Sofia University St. Kliment Ohridski

sedlarski@feb.uni-sofia.bg ORCID 0000-0002-9954-1493

Aleksandar B. Todorov — University of Economics – Varna

atodorov@ue-varna.bg ORCID 0000-0002-6278-7502

Published: 15.12.2022

DOI: https://doi.org/10.56497/etj2267603

Abstract

Abstract. Edward P. Lazear (1948-2020) is one of the most influential economists in the field of applied Labour Economics in modern time. He founded Personnel Economics, which applies an economic approach to Human Resources. His work linked traditional Labour Economics with the empirical analysis of behaviour in organizations (mostly private enterprises) and labour 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.

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Keywords

Edward Lazear personnel economics tournament incentive structure sabotage wage model compensation employment labour contract

JEL Classification

M54, J26, M51, J41, J23, M5, M52, M55

How to Cite

Egbert, H., Sedlarski, T., Todorov, A. B. (2022). Osnovi na savremennata ikonomika: Eduard P. Leyziar i ikonomikata na personala (Foundations of Contemporary Economics: Edward P. Lazear and Personnel Economics). Economic Thought Journal, 67(6), 671-691 (in Bulgarian). https://doi.org/10.56497/etj2267603

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