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040688 KU Personnel Economics II (MA) (2017W)
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 Fr 08.09.2017 09:00 to Th 21.09.2017 12:00
- Deregistration possible until Sa 14.10.2017 23:59
Details
max. 52 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
Midterm Dienstag 14.11.2017 18:30 - 20:00
Endterm Dienstag 30.01.2018 18:30 - 20:00
- Tuesday 03.10. 18:30 - 20:00 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Tuesday 10.10. 18:30 - 20:00 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Tuesday 17.10. 18:30 - 20:00 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Tuesday 24.10. 18:30 - 20:00 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Tuesday 31.10. 18:30 - 20:00 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Tuesday 07.11. 18:30 - 20:00 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
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Tuesday
14.11.
18:30 - 20:00
Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock - Tuesday 21.11. 18:30 - 20:00 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Tuesday 28.11. 18:30 - 20:00 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Tuesday 05.12. 18:30 - 20:00 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Tuesday 12.12. 18:30 - 20:00 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Tuesday 09.01. 18:30 - 20:00 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Tuesday 16.01. 18:30 - 20:00 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Tuesday 23.01. 18:30 - 20:00 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
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Tuesday
30.01.
18:30 - 20:00
Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
Information
Aims, contents and method of the course
Assessment and permitted materials
Classroom participation is immanently relevant for examination („dieser Kurs ist eine Lehrveranstaltung mit immanentem Prüfungscharakter“). To pass the course, students must collect at least half of the total points of the combined two exams, the midterm and the final exam.The midterm and the final exam are open book exams.Make-up exams are only available for students on sick leave (documented by immediately handing in a doctor’s sickness note at the chair’s office) or leaves supported by formal decision of the university, the faculty, and/or the institute. No passing grade may be granted if the student misses more than 10% of the total class time.
Minimum requirements and assessment criteria
Going beyond the fundamentals of incentive setting, this course discusses union and labor market regulation effects on individual firm’s employment decisions, the choice between salary and incentive pay, promotion and wage promises, as well as the benefits of alternative means of pay. Rigorous analytics are combined with econometric models to test the theories’ implications.
Examination topics
Reading list
Association in the course directory
Last modified: Mo 07.09.2020 15:29
1. Imperfect labor markets and labor market institutions(a) Is there equal treatment? The stylized facts of the Austrian labor market
(b) Wage compression
(c) Shortening the hours of workLiterature: Garibaldi, Pietro: Personnel Economics in Imperfect Labor Markets, New York, N.Y.:Oxford University Press, 2006, Chapters 1, 2, 3.2. 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 successLiterature: Lazear, Edward P.: Personnel Economics for Managers, New York, etc.:
John Wiley, 1998, Chapters 3 - 5, p. 45 - 131.; Garibaldo, Pietro, op. cit., Chapters 6 and 7.3. 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 aversion
(d) Dynamic incentives
Lazear, Edward P., op. cit., Chapter 9, p. 223 - 258; Garibaldi, Pietro, op. cit., Chapter 8.4. Is cash all that counts? Alternative means of pay
(a) Lifetime employment contracts and pension incentives
(b) Team incentives and management compensation
(c) Fringe benefitsLazear, Edward P.: Personnel Economics for Managers, New York, etc.: John Wiley, 1998, Chapters 8, 16, and 17.