5116 - INDUSTRIAL RELATIONS (PERSONNEL ECONOMICS, HUMAN RESOURCE MANAGEMENT, INDUSTRIAL ECONOMICS)

The course is divided in three parts.
A first part studies the macroeconomics of industrial relations, and focuses its attention on labour economics outside the firm. It studies labour demand, labour supply and surveys the labour market institutions in Europe, with particular emphasis on the bargaining structure and employment protection legislation.
The second part studies personnel economics, the microeconomic approach to personnel issues inside the firm.
The third part studies human resource management with a more managerial focus. The interdisciplinary approach of the course will provide students with a comprehensive view of internal and external labour markets.

Part I: Macroeconomics of Industrial Relations (Pietro Garibaldi)

1. How the Labour Market Operates  

2. The Demand for Labour 

3. Labour Supply: the decision to work 

4. Labour Supply: Hours of Work and Household Production  

5. Unions, collective bargaining, insiders and outsiders 

6. Unemployment: Stock and Flows in the Labour Market 

7. Employment Protection Legislation 

8. Inequality  

Part II: Personnel Economics (microeconomic approach to personnel issues) ( Pietro Garibaldi)

1. A Primer on Incentive Theory

2. Signaling Games and Workers´ Selection 

3. How can we observe individual productivity? 

4. The Trade-off between hourly compensation and output based compensation 

5. Career and Seniority Incentives

6. On the job training 

7. The role of fringe benefits 

Part III: Human Resource Management (Martin Hoegl)

1. Introduction: meeting present and emerging strategic human resource challenges 

2. HRM planning and job analysis 

3. Recruitment and Selection (personality, skills, big five, etc.) 

4. Performance appraisal: gathering the data 

5. Performance appraisal: making sense of the data 

6. Compensation 

7. Performance-based pay 

8. MBO

9. Team performance appraisal

10. Training and development

11. Career management   

Part I :

• R.G. EHRENBERG, R.S. SMITH, Modern Labour Economics, Addison Wesley, 7th ed.

Part II :

• E. LAZEAR, Personnel Economics for Managers, New York, John Wiley & Sons, 1998. 

Part III :

• Readings for this section will be announced at the beginning of the course.

For further and continuously updated information consult the IEP web site or contact SID - Servizio Informazioni Didattica - Via Gobbi, 5 - 3rd floor.

The exam will be in written form. There will be a mid term exam for sections I, II and III.