|
Personnel Economics
Personnel economics has been defined as "the application of economic and mathematical approaches and econometric and statistical methods to traditional questions in human resources management". It is an area of applied micro labor economics, but there are a few key distinctions. One distinction, not always clearcut, is that studies in personnel economics deal with the personnel management ''within'' firms, and thus internal labor markets, while those in labor economics deal with labor markets as such, whether external or internal. In addition, personnel economics deals with issues related to both managerial-supervisory and non-supervisory workers. The subject has been described as significant and different from sociological and psychological approaches to the study of organizational behavior and human resource management in various ways. It analyzes labor use, which accounts for the largest part of production costs for most firms, by formulation of relatively simple but gen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Econometric
Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. M. Hashem Pesaran (1987). "Econometrics", '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. 8–22 Reprinted in J. Eatwell ''et al.'', eds. (1990). ''Econometrics: The New Palgrave''p. 1 p. 1–34Abstract ( 2008 revision by J. Geweke, J. Horowitz, and H. P. Pesaran). More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference." An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships." Jan Tinbergen is one of the two founding fathers of econometrics. The other, Ragnar Frisch, also coined the term in the sense in which it is used today. A basic tool for econometrics is the multiple linear regression model. ''Econometr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
M Subcategories
M, or m, is the thirteenth letter of the Latin alphabet, used in the modern English alphabet, the alphabets of several western European languages and others worldwide. Its name in English is ''em'' (pronounced ), plural ''ems''. History The letter M is derived from the Phoenician Mem via the Greek Mu (Μ, μ). Semitic Mem is most likely derived from a " Proto-Sinaitic" (Bronze Age) adoption of the "water" ideogram in Egyptian writing. The Egyptian sign had the acrophonic value , from the Egyptian word for "water", ''nt''; the adoption as the Semitic letter for was presumably also on acrophonic grounds, from the Semitic word for "water", '' *mā(y)-''. Use in writing systems English In English, represents the voiced bilabial nasal . The Oxford English Dictionary (first edition) says that is sometimes a vowel, such as in words like ''spasm'' and in the suffix ''-ism''. In modern terminology, this is described as a syllabic consonant (IPA: ). M is the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abram Bergson
Abram Bergson (born Abram Burk, April 21, 1914, in Baltimore, Maryland – April 23, 2003, in Cambridge, Massachusetts) was an American economist, academician, and professor in the Harvard Economics Department since 1956. Early life and education He graduated with an A.B. degree from Johns Hopkins University in 1933 and his A.M. and Ph.D. from Harvard University in 1935 and 1940, respectively.Gewirtz, Ken."Abram Bergson Dies at 89" ''The Harvard Gazette'', May 2, 2003. Career In a 1938 paper Bergson defined and discussed the notion of an individualistic social welfare function. The paper delineated necessary marginal conditions for Pareto efficiency, economic efficiency, relative to: * real-valued Indifference curve, ordinal utility functions of individuals (illustrated by consumer theory, indifference-curve maps) for commodities * labor supplied * other resource constraints. In so doing, it showed how welfare economics could dispense with interpersonally-comparable card ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
James A
James may refer to: People * James (given name) * James (surname) * James (musician), aka Faruq Mahfuz Anam James, (born 1964), Bollywood musician * James, brother of Jesus * King James (other), various kings named James * Prince James (other) * Saint James (other) Places Canada * James Bay, a large body of water * James, Ontario United Kingdom * James College, York, James College, a college of the University of York United States * James, Georgia, an unincorporated community * James, Iowa, an unincorporated community * James City, North Carolina * James City County, Virginia ** James City (Virginia Company) ** James City Shire * James City, Pennsylvania * St. James City, Florida Film and television * James (2005 film), ''James'' (2005 film), a Bollywood film * James (2008 film), ''James'' (2008 film), an Irish short film * James (2022 film), ''James'' (2022 film), an Indian Kannada-language film * "James", a television Adventure Time (season 5)#ep42, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joseph E
Joseph is a common male name, derived from the Hebrew (). "Joseph" is used, along with " Josef", mostly in English, French and partially German languages. This spelling is also found as a variant in the languages of the modern-day Nordic countries. In Portuguese and Spanish, the name is "José". In Arabic, including in the Quran, the name is spelled , . In Kurdish (''Kurdî''), the name is , Persian, the name is , and in Turkish it is . In Pashto the name is spelled ''Esaf'' (ايسپ) and in Malayalam it is spelled ''Ousep'' (ഔസേപ്പ്). In Tamil, it is spelled as ''Yosepu'' (யோசேப்பு). The name has enjoyed significant popularity in its many forms in numerous countries, and ''Joseph'' was one of the two names, along with '' Robert'', to have remained in the top 10 boys' names list in the US from 1925 to 1972. It is especially common in contemporary Israel, as either "Yossi" or "Yossef", and in Italy, where the name "Giuseppe" was the most co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hierarchical Organization
A hierarchical organization or hierarchical organisation (see spelling differences) is an organizational structure where every entity in the organization, except one, is subordinate to a single other entity. This arrangement is a form of hierarchy. In an organization, this hierarchy usually consists of a singular/group of power at the top with subsequent levels of power beneath them. This is the dominant mode of organization among large organizations; most corporations, governments, criminal enterprises, and organized religions are hierarchical organizations with different levels of management power or authority. For example, the broad, top-level overview of the hierarchy of the Catholic Church consists of the Pope, then the Cardinals, then the Archbishops, and so on. Another example is the hierarchy between the four castes in the Hindu caste system, which arises from the religious belief "that each is derived from a different part of the creator God’s (Brahma) body, descendin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eugene F
Eugene may refer to: People and fictional characters * Eugene (given name), including a list of people and fictional characters with the given name * Gene Eugene, stage name of Canadian born actor, record producer, engineer, composer and musician Gene Andrusco (1961–2000) * Eugene (wrestler), professional wrestler Nick Dinsmore * Eugene (actress) (born 1981), Kim Yoo-jin, South Korean actress and former member of the singing group S.E.S. Places Canada * Mount Eugene, in Nunavut; the highest mountain of the United States Range on Ellesmere Island United States * Eugene, Oregon, a city ** Eugene, OR Metropolitan Statistical Area ** Eugene (Amtrak station) * Eugene Apartments, NRHP-listed apartment complex in Portland, Oregon * Eugene, Indiana, an unincorporated town * Eugene, Missouri, an unincorporated town Business * Eugene Green Energy Standard, or EUGENE, an international standard to which electricity labelling schemes can be accredited to confirm that t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stephen Ross (economist)
Stephen Alan "Steve" Ross (February 3, 1944 – March 3, 2017) was the inaugural Franco Modigliani Professor of Financial Economics at the MIT Sloan School of Management after a long career as the Sterling Professor of Economics and Finance at the Yale School of Management. He is known for initiating several important theories and models in financial economics. He was a widely published author in finance and economics, and was a coauthor of a best-selling Corporate Finance textbook. He received his BS with honors from Caltech in 1965 where he majored in physics, and his PhD in economics from Harvard in 1970, and taught at the University of Pennsylvania, Yale School of Management The Yale School of Management (also known as Yale SOM) is the graduate school, graduate business school of Yale University, a Private university, private research university in New Haven, Connecticut. The school awards the Master of Business Admi ..., and MIT. Ross is best known for the devel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Service (economics)
A service is an act or use for which a consumer, company, or government is willing to payment, pay. Examples include work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and so on. Public services are those that society (nation state, fiscal union or region) as a whole pays for. Using resources, skill, ingenuity, and experience, service providers benefit service consumers. Services may be defined as intangible acts or performances whereby the service provider provides value to the customer. Key characteristics Services have three key characteristics: Intangibility Services are by definition intangible. They are not manufactured, transported or stocked. One cannot store services for future use. They are produced and consumed simultaneously. Perishability Services are perishable in two regards: * Service-relevant resources, processes, and systems are assigned for service delivery during a specific period in time. If the service consumer does not request ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Good (accounting)
In economics, goods are anything that is good, usually in the sense that it provides welfare or utility to someone. Alan V. Deardorff, 2006. ''Terms Of Trade: Glossary of International Economics'', World Scientific. Online version: Deardorffs' Glossary of International Economics"good" an Goods can be contrasted with bads, i.e. things that provide negative value for users, like chores or waste. A bad lowers a consumer's overall welfare. Economics focuses on the study of economic goods, i.e. goods that are scarce; in other words, producing the good requires expending effort or resources. Economic goods contrast with free goods such as air, for which there is an unlimited supply.Samuelson, P. Anthony., Samuelson, W. (1980). Economics. 11th ed. / New York: McGraw-Hill. Goods are the result of the Secondary sector of the economy which involves the transformation of raw materials or intermediate goods into goods. Utility and characteristics of goods The change in utility (pleasu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edward Lazear
Edward Paul Lazear (, ; August 17, 1948November 23, 2020) was an American economist, the Morris Arnold and Nona Jean Cox Senior Fellow at the Hoover Institution at Stanford University and the Davies Family Professor of Economics at Stanford Graduate School of Business. Lazear served as chairman of the Council of Economic Advisers from 2006 to 2009. As chairman, he was the chief economic advisor to President George W. Bush, holding a cabinet-level post as part of the White House team that led the response to the 2008 financial crisis. Lazear has been called the founder of personnel economics a field of economics that applies economic models to the study of the management of human resources in the firm. His research advanced new models of employee incentives, promotions, compensation and productivity in firms. He is also credited with developing a theory of entrepreneurship and leadership that emphasizes skill acquisition. In addition to personnel economics, Lazear was a labor eco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
