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The name of the game is to keep your employees engaged in their work and make as much money as possible. In our basic principal-agent model where you’re trying to figure outContinue reading “How to pay who — risk and multidimensional roles”

The following is a brief summary of a working paper published by the National Bureau of Economic Research on the effects of bonus-pay schemes in firms where workers’ output is judged onContinue reading “Summary: Testing The Theory of Multitasking: Evidence from a Natural Field Experiment in Chinese Factories (Hong)”

“We have inherited from the literature on the post-bellum South the image of a society ruled by force and violence, divided by racism and class distinctions, immobilized by ignorance and agrarian traditions.Continue reading “Summary: Race, Tenure and Resource Allocation in Southern Agriculture, 1910 (Higgs)”

Exchanging your efforts in return for wages is quite possibly the most important transaction in the entire economy. The amount a firm pays you directly affects their bottom line profits and yourContinue reading “Week 0: Introduction to Personnel Economics”

The U.S. economy extended its record long expansion into the third quarter of 2019 as real GDP increased 1.9 percent and beat market expectations.  The increase reflected positive contributions from PCE, governmentContinue reading “Third Quarter, 2019”

The Firm, the Managers and the Employees – Do their interests align? Allen Benson examines how sales managers game the staffing and incentives of their subordinates and looks at the imperfect abilityContinue reading “Summary: Do Agents Game Their Agents’ Behavior? Evidence from Sales Managers (Benson)”

Nonfarm employers added 266,000 jobs to their payrolls in November and the unemployment rate remains unchanged at 3.5 percent. Hiring in November sped up after slowing down the two previous months.[1] ManufacturingContinue reading “November 2019: Nonfarm payrolls and ISM Report”

This article was originally written in June, 2019 Thinking about buying a house? Consider using the Fed’s “wait and see” strategy as your guide. Six months ago we expected to see theContinue reading “Housing Market: Buy or Hold”

I am a student at the University of California, Santa Barbara pursuing a Bachelor of Arts in Economics & Accounting. This blog includes some of my relevant coursework and is designed forContinue reading “About”