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Contribution Details

Type Journal Article
Scope Discipline-based scholarship
Title What behavioural economics teaches personnel economics
Organization Unit
Authors
  • Uschi Backes-Gellner
  • D Bessey
  • K Pull
  • Simone Tuor Sartore
Item Subtype Original Work
Refereed Yes
Status Published in final form
Language
  • English
Journal Title Die Unternehmung
Publisher Schweizerische Gesellschaft für Betriebswirtschaft; Versus Verlag
Geographical Reach international
ISSN 0042-059X
Volume 62
Number 3
Page Range 217 - 234
Date 2008
Abstract Text In this survey article, we review results from behavioural and experimental economics that have a potential application in the field of personnel economics. While personnel economics started out with a «clean» economic perspective on human resource management (HRM), it has recently broadened its perspective by increasingly taking into account the results from laboratory experiments. Besides having inspired theory-building, the integration of behavioural economics into personnel economics has gone hand in hand with a strengthening of empirical analyses (using field experiments and survey data) complementing the findings from the laboratory. Concentrating on employee compensation as one particular field of application, we show that for personnel economics there is indeed much to be learnt from the recent developments in behavioural economics. Moreover, integrating behavioural economics into personnel economics bears the chance of eventually reconciling personnel economics and «classic» HRM analysis that has a long tradition of relying on social psychology as a classical point of reference.
Official URL http://www.unternehmung.ch/
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Other Identification Number merlin-id:1165
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