What Behavioural Economics Teaches Personnel Economics

University of Zurich Institute for Strategy and Business Economies Paper No. 77

16 Pages Posted: 13 Feb 2008

See all articles by Uschi Backes-Gellner

Uschi Backes-Gellner

University of Zurich - Institute for Business Administration; Swiss Leading House

Donata Bessey

University of Zurich, Institute for Strategy and Business Economics; University of Zurich - Economics of Education, Firm Behaviour and Training Policies

Kerstin Pull

University of Tuebingen - School of Business and Economics

Simone N. Tuor Sartore

University of Zurich - Department of Business Administration; University of Zurich - Economics of Education, Firm Behaviour and Training Policies

Date Written: February 2008

Abstract

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), recently it has 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 (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.

Keywords: Personnel Economics, Behavioural Economics, Human Resource Management

JEL Classification: J3, M52, C9

Suggested Citation

Backes-Gellner, Uschi and Bessey, Donata and Pull, Kerstin and Tuor Sartore, Simone N., What Behavioural Economics Teaches Personnel Economics (February 2008). University of Zurich Institute for Strategy and Business Economies Paper No. 77. Available at SSRN: https://ssrn.com/abstract=1092826 or http://dx.doi.org/10.2139/ssrn.1092826

Uschi Backes-Gellner (Contact Author)

University of Zurich - Institute for Business Administration ( email )

Plattenstrasse 14
8032 Zurich
Switzerland
+41 44 6344281 (Phone)
+41 44 6344370 (Fax)

Swiss Leading House ( email )

Plattenstrasse 14
Zurich, 8032
Switzerland

Donata Bessey

University of Zurich, Institute for Strategy and Business Economics ( email )

Plattenstrasse 14
Zurich, 8032
Switzerland

University of Zurich - Economics of Education, Firm Behaviour and Training Policies ( email )

Switzerland

Kerstin Pull

University of Tuebingen - School of Business and Economics ( email )

Nauklerstr. 47
Tuebingen, D-72074
Germany

Simone N. Tuor Sartore

University of Zurich - Department of Business Administration ( email )

Plattenstrasse 14
Zurich, 8032
Switzerland
+ 41 - 44 - 6345192 (Phone)
+ 41 - 44 - 6344370 (Fax)

University of Zurich - Economics of Education, Firm Behaviour and Training Policies ( email )

Switzerland

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
596
Abstract Views
2,210
rank
46,795
PlumX Metrics