040688 FK KFK PÖ: Advanced Personnel Economics (2009W)
Continuous assessment of course work
Labels
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from We 09.09.2009 09:00 to Tu 22.09.2009 17:00
- Registration is open from Mo 28.09.2009 09:00 to We 14.10.2009 17:00
- Deregistration possible until We 14.10.2009 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
Tuesday
06.10.
14:00 - 16:00
Hörsaal 7
Tuesday
13.10.
14:00 - 16:00
Hörsaal 7
Tuesday
20.10.
14:00 - 16:00
Hörsaal 7
Tuesday
27.10.
14:00 - 16:00
Hörsaal 7
Tuesday
03.11.
14:00 - 16:00
Hörsaal 7
Tuesday
10.11.
14:00 - 16:00
Hörsaal 7
Tuesday
17.11.
14:00 - 16:00
Hörsaal 7
Tuesday
24.11.
14:00 - 16:00
Hörsaal 7
Tuesday
01.12.
14:00 - 16:00
Hörsaal 7
Tuesday
15.12.
14:00 - 16:00
Hörsaal 7
Tuesday
12.01.
14:00 - 16:00
Hörsaal 7
Tuesday
19.01.
14:00 - 16:00
Hörsaal 7
Tuesday
26.01.
14:00 - 16:00
Hörsaal 7
Information
Aims, contents and method of the course
Assessment and permitted materials
This class is immanently relevant for examination ("dieser Kurs ist eine Lehrveranstaltung mit immanentem Prüfungscharakter"). Students can earn a maximum of 50 points on each of the two exams, the midterm and the final. *To pass the course students must collect a total of 50 points or more. *
Minimum requirements and assessment criteria
The course covers the following topics: (1) Introduction: basics of wage-setting in firms; (2) Salary vs. Incentive Pay; (3) Relative Performance Measurement and Tournaments; (4) The Enhanced Incentive Structure: lifetime employment contracts and pension incentives; reputational contracting and verification; the problem of setting incentives in teams and management compensation; "Fringe Benefits"; (5) Self-Selection and Recruitment
Examination topics
Reading list
ReadingsIt is necessary that students prepare selected chapters from textbooks listed in the course outline above.
Association in the course directory
Last modified: Mo 07.09.2020 15:29
(b) Basics of wage-setting in firms
(c) Determining the base wage
(d) Forms of incentive pay
(e) Fringe or social benefitsBaron, James N.; Kreps, David M.: Strategic Human Resources:
Frameworks for General Managers, New York, etc.: John Wiley,
1999, Chapter 12: Compensation Systems. Forms, Bases and
Distribution of Reward, p. 284 - 312.2. Salary vs. Incentive Pay(a) The two basic functions of incentive pay: effort incentives and ability selection
(b) Effort incentives: a simple model
(c) Ability selection: a simple model
(d) Piece-rates vs. bonus
(e) Paying for input supply or output successLazear, Edward P.: Personnel Economics for Managers, New York,
etc.: John Wiley, 1998, Chapters 3 - 5, p. 45 - 131.3. Relative Performance Measurement and Tournaments(a) Why relative performance measurement?
(b) Direct incentive pay vs. promotion ladder with risk-neutral agent
(c) A note on the effect of risk aversionLazear, Edward P., op. cit., Chapter 9, p. 223 - 258.4. The Enhanced Incentive Structure(a) Lifetime employment contracts and pension incentives
(b) The problem of setting incentives in teams and management compensation
(c) Fringe BenefitsLazear, Edward P., op. cit., Chapter 8, p. 195 - 222; Chapters 16
and 17, p. 441 - 504.5. Self-Selection and Recruitment
(a) Characteristics of a job
(b) Self-selection of worker-types
(c) Testing and recruitingLazear, Edward P., op. cit., Chapters 11-15, p. 281 - 440.