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.
PERSONNEL ECONOMICS