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Lazear, Edward P.

Works: 197 works in 802 publications in 4 languages and 12,492 library holdings
Genres: Conference papers and proceedings  Abstracts 
Roles: Author, Editor, Thesis advisor, Honoree, Contributor, Other
Publication Timeline
Publications about Edward P Lazear
Publications by Edward P Lazear
Most widely held works by Edward P Lazear
Personnel economics by Edward P Lazear( file )
37 editions published between 1995 and 2009 in English and held by 2,604 libraries worldwide
In this review of the personnel economics literature, we introduce key topics of personnel economics, focus on some relatively new findings that have emerged since prior reviews of some or all of the personnel economics literature, and suggest open questions in personnel economics where future research can make valuable contributions to the literature. We explore five aspects of the employment relationship - incentives, matching firms with workers, compensation, skill development, and the organization of work - reviewing the main theories, empirical tests of those theories, and the open questions in each area
The structure of wages : an international comparison ( file )
16 editions published between 2008 and 2009 in English and held by 1,690 libraries worldwide
"The distribution of income, the rate of pay raises, and the mobility of employees is crucial to understanding labor economics. Although research abounds on the distribution of wages across individuals in the economy, wage differentials within firms remain a mystery to economists. The first effort to examine linked employer-employee data across countries, The Structure of Wages: An international Comparison analyzes labor trends and their institutional background in the United States and eight European countries." "A distinguished team of contributors reveals how a rising wage variance rewards star employees at a higher rate than ever before, how talent becomes concentrated in a few firms over time, and how outside market conditions affect wages in the twenty-first century. From a comparative perspective that examines wage and income differences within and between countries such as Denmark, Italy, and the Netherlands, this volume will be required reading for economists and those working in industrial organization."--Jacket
Searching for alternatives : drug-control policy in the United States ( Book )
7 editions published between 1991 and 1992 in English and held by 556 libraries worldwide
Education in the twenty-first century by Edward P Lazear( Book )
11 editions published in 2002 in English and Undetermined and held by 500 libraries worldwide
In this book, a range of Hoover Institution scholars offer evidence, insights, and ideas on the key policy questions affecting education. The contributors detail the importance of education to both the individual and society as a whole, shedding light on what education does, on various ways to structure education, on lessons that can be learned from the past, and on how much can be accomplished in the future
Allocation of income within the household by Edward P Lazear( Book )
7 editions published in 1988 in English and held by 473 libraries worldwide
To everyone who knows her, Annalise Decker is a model wife and mother. No one knows that she was once Deidre O'Reilly, a troubled young woman whose testimony put a dangerous criminal behind bars. Relocated through the Witness Security Program to the sleepy town of Deep Haven, Deidre got a new identity and a fresh start. When Agent Frank Harrison arrives with news that the man she testified against is out on bail and out for revenge, Annalise is forced to face the consequences of her secrets
Personnel economics for managers by Edward P Lazear( Book )
18 editions published between 1998 and 2017 in 3 languages and held by 354 libraries worldwide
Economic transition in Eastern Europe and Russia : realities of reform ( Book )
7 editions published between 1995 and 1997 in English and held by 353 libraries worldwide
The most obvious and controversial difference between reform strategies is in the pace of transition. Previous theories of development have focused on the slow growth of Third World countries into modern economies. Some experts have ascribed current failures in Eastern Europe to the instantaneous liberalization of economies and the forceful application of tight monetary policies. They argue for a more gradual introduction of free markets, with the retention of some state control, in order to avoid declining outputs. But this theory is contradicted by the fact that the most successful Eastern European countries, Poland and the Czech Republic, are those that initiated the most dramatic and rapid reforms. The authors of Economic Transition show how educated, relatively modern societies can make major changes in political and economic institutions almost overnight. The goods that countries produced under communism are different from those that can be efficiently produced in a free market. Some industries will collapse while others will flourish, and during this adjustment period, there are inevitable declines in output and painful layoffs. Evidence shows that a significant increase in unemployment is an unavoidable consequence of economic reform whether the government is moving rapidly or gradually. This temporary problem can be partially cushioned by a social safety net
Issues in contemporary retirement ( Book )
9 editions published in 1988 in English and held by 324 libraries worldwide
Personnel economics in practice by Edward P Lazear( Book )
25 editions published between 2008 and 2017 in English and held by 281 libraries worldwide
"To be an effective manager, you need more than common sense and wisdom; you need a structured, rigorous framework for analyzing the issues you face. By applying a new approach called personnel economics, Personnel Economics in Practice, Second Edition presents the most rigorous analyses of traditional general management questions available. Its emphasis on practical application gives you the tools to analyze a variety of problems." "Using many real-world and up-to-date examples, including some data from the authors' research, Personnel Economics in Practice, Second Edition puts at your fingertips a rich model of personnel and organizational design for growing a strong, innovative organization."--BOOK JACKET
Inside the firm : contributions to personnel economics by Edward P Lazear( Book )
11 editions published between 2011 and 2016 in English and held by 174 libraries worldwide
"How should firms select their employees? How should they design their compensation schemes such that employees are motivated to work hard? How do the performance and compensation of teammates influence workers' motivation and productivity? Personnel economics examines human resource practices and answers questions that are of paramount importance for business leaders around the globe. In this volume, Edward P. Lazear, a founding father of personnel economics and winner of the IZA Prize in Labor Economics 2004, takes stock of the economic analysis of personnel management, and the advancements and achievements that have been made in this field over the past 30 years. The book contains an impressive selection of Lazear's most important papers. It provides a unifying approach to human resource practices and a useful reference on personnel strategies such as hiring, motivating, and training an effective work force."--Publisher's website
Microeconomic theory by C. E Ferguson( Book )
6 editions published in 1989 in English and held by 133 libraries worldwide
In the 4th ed., C.E. Ferguson's name appeared first on t.p. Includes bibliographies and indexes
Personnel economics ( Book )
19 editions published between 2003 and 2004 in English and held by 122 libraries worldwide
Culture wars in America by Edward P Lazear( Book )
5 editions published in 1996 in English and held by 120 libraries worldwide
Educational production by Edward P Lazear( Book )
15 editions published between 1999 and 2000 in English and held by 116 libraries worldwide
Abstract: The literature on class size yields a number of findings. First, class size effects are difficult to find except when using data where class size variations are truly exogenous. Second, Catholic schools have large classes and better performance. Third, to the extent that class size matters, it is more important for disadvantaged children. Special education classes are smaller than advanced placement classes. Fourth, when many children have joined a class recently, the joiners and their classmates do worse. The theory presented below reconciles all of these facts by recognizing that classroom teaching is a public good where congestion effects are potentially important. Because the optimal class size is larger for behaved-students, the observed relation of educational output to class size is small or even positive. However, increasing class size to ranges away from equilibrium levels will adversely affect educational output. The theory argues for a particular non-linear relation of educational output to class size and is consistent with observed variations in class size by grade level, student and teacher characteristics. Class sizes are more significant in small classes than large ones. There is a special function that maps the substitution of discipline for class size, which may explain why Catholic schools, with large classes, out-perform public schools. The same technology also implies that class size effects are larger for problem children than for well-behaved children. Private schools, which charge a positive price and compete with free public schools, attract better students. This selection may help explain why Catholic schools out-perform public schools even though expulsion rates are lower in Catholic schools than in public ones. Teachers may prefer smaller class size than students or parents either because wages do not reflect working conditions fully or because teachers as a group can raise the demand for their services by lowering class size. The theory provides a measurable and operational way to define school quality that can be tested empirically. Finally, because public schools that operate in a centralized environment do not capture the returns to their successes, public school incentives differ from those of private schools
Globalization and the market for teammates by Edward P Lazear( Book )
14 editions published in 1998 in English and held by 115 libraries worldwide
Abstract: The globalization of firms is explored at theoretical and empirical levels. The idea is that a global firm is a multi-cultural team. The existence of a global firm is somewhat puzzling. Combining workers who have different cultures, legal systems, and languages imposes costs on the firm that would not be present were all workers to conform to one standard. In order to offset the costs of cross-cultural dealing, there must be complementarities between the workers that are sufficiently important to overcome the costs. Disjoint and relevant skills create an environment where the gains from complementarities can be significant. It is also necessary that teammates be able to communicate with one another. The search for the best practice' is analyzed and empirical support from an examination of trading patterns is provided
Relational investing : the worker's perspective by Edward P Lazear( Book )
13 editions published in 1996 in English and held by 106 libraries worldwide
Workers who hold a firm's stock make decisions other than those that pure capital owners would make, but there exist institutions and compensation packages that will generally lead workers to favor efficient firm decisions. Workers care about their firm-specific rents and may seek shares in their firm to use them to protect those rents. Their views toward firm decisions will differ depending on their firm-specific human capital and tenure in the firm. The workers most favorable to efficient firm decisions are the very young and very old, who have the least amount to lose in employment rent and those with larger shares of ownership. An appropriate severance pay policy will induce workers to choose efficient outcomes even if it calls for their own layoffs. Single company based defined contribution pension funds, which hold shares in their own firm, are likely to tilt worker- owners to favor efficient decisions when layoffs and other changes are modest, but not when the changes are huge. Pension funds are more likely to buy up shares and successfully change behavior in small firms, in firms that are highly levered, and when the investment community has diverse views on the benefit from changing a firm's current irresponsible policies
An economic analysis of works councils by Richard B Freeman( Book )
13 editions published in 1994 in English and held by 104 libraries worldwide
Works councils, found in most Western European economies, are elected bodies of employees with rights to information, consultation, and in some cases co-determination of employment conditions at local workplaces, mandated by law. Many European employers and unions believe that councils improve communication between workers and management, raising social output, while reducing the speed with which decisions are made. This paper analyzes the operation of councils as a means of improving social output by creating more cooperative labor relations. It argues that councils are mandated because the incentive for companies to institute them and delegate them power falls short of the social incentive; that workers provide more accurate information to employers about preferences when councils have some say over how that information is used; and that the communication from employers to workers produces socially desirable worker concessions in bad times that would not occur absent this institution. It compares a jury style random selection of works councilors with selection via elections
Incentives in basic research by Edward P Lazear( Book )
12 editions published in 1996 in English and held by 104 libraries worldwide
Individuals involved in basic research, like other workers, respond to incentives. Funding agencies provide implicit incentives when they specify the rules by which awards are made. The following analysis is an exercise in understanding incentives at an applied level. Specific rules are examined and analyzed to determine their incentive effects. For example, what is the effect of rewarding past effort? What happens when a few large awards are replaced by many small awards? How does the timing of an award affect effort? How does an agency choose which topics to fund? After having mapped out the responses of researchers to rules, socially optimal rules are derived. Research incentive issues have private business analogues, and the extension to the operation of the firm is discussed briefly
Personalökonomik : fortgeschrittene Anwendungen für das Management by Uschi Backes-Gellner( Book )
1 edition published in 2001 in German and held by 104 libraries worldwide
Output-based pay : incentives or sorting? by Edward P Lazear( Book )
17 editions published between 1999 and 2003 in English and held by 104 libraries worldwide
Variable pay, defined as pay that is tied to some measure of a firm's output, has become more important for executives of the typical American firm. Variable pay is usually touted as a way to provide incentives to managers whose interests may not be perfectly aligned with those of owners. The incentive justification for variable pay has well-known theoretical problems and also appears to be inconsistent with much of the data. Alternative explanations are considered. One that has not received much attention, but that is consistent with may of the facts, is selection. Managers and industry specialists may have information about a firm's prospects that is unavailable to outside investors. In order to induce managers to be truthful about prospects, owners may require managers to 'put their money where their mouths are, ' forcing them to extract some of their compensation in the form of variable pay. The selection or sorting explanation is consistent with the low elasticities of pay to output that are commonly observed, with the fact that the elasticity is higher in small and new firms, and with the fact that variable pay is more prevalent in industries with very technical production technologies. It does not explain why some firms give stock options even to very low-level workers
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Alternative Names
Edward Lazear Amerikaans econoom
Edward Lazear amerikansk ekonom
Edward Lazear amerikansk økonom
Edward Lazear amerykański ekonomista
Edward Lazear economista estadounidense
Edward Lazear économiste américain
Edward Lazear US-amerikanischer Wirtschaftswissenschaftler
Lazear, Edward Paul
Lazear, Edward Paul 1948-
Едвард Лейзір
Лейзир, Эдвард
ادوارد لازار اقتصاددان آمریکایی
إدوارد لازير عالم اقتصاد أمريكي
라지어, 에드워드 P
라지어, 에드워드 폴
ラジアー, エドワード・P.
English (257)
Japanese (5)
Chinese (3)
German (1)
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