Incentives & Productivity

Incentives and Productivity --- This course applies economics to the analysis of personnel management issues. Topics covered include hiring and firing decisions, human capital and the provision of on-the-job training, task assignment, intrinsic and extrinsic motivation, the provision of incentives in firms, the advantages and disadvantages of alternative compensation schemes, promotions and up-or-out contracts as incentive mechanisms, objective and subjective performance evaluation, relative performance evaluation, career-based incentives, team production, stock options and executive compensation, and the impact of labor laws on personnel management choices from an international comparative perspective.