Economics and HRM

Damian Grimshaw · Jill Rubery

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Human Resource and Talent Management Labor market dynamics and wage inequality Economic Theory and Institutions

Abstract

Abstract The article is organized in three parts. In the first, it considers the development of personnel economics and argues that there are shortcomings that reflect the one-sided integration of economics into HRM. The second considers a selection of studies that provide a more integrated attempt to span the economics and HRM boundaries. The third, turns to the neglect of variations in national institutions and business systems in the analyses of HRM policies within organizations.

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References

1976Theory of the firm: Managerial behavior, agency costs and ownership structure 1991Firm Resources and Sustained Competitive Advantage 1937The Nature of the Firm 1995The Theory of the Growth of the Firm 1995THE IMPACT OF HUMAN RESOURCE MANAGEMENT PRACTICES ON TURNOVER, PRODUCTIVITY, AND CORPORATE FINANCIAL PERFORMANCE.2003Varieties of Capitalism: The Institutional Foundations of Comparative Advantage 1975Markets and Hierarchies 1982Moral Hazard in Teams

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