Thursday, April 1, 2010

Insider Econometrics

Ichniowski and Shaw have a great review paper recently on how organizational economists address the question of the adoption of management practice and its potential effects on the productivity of workers, worker groups and firms. With the attractive title of "Insider Econometrics: Empirical Studies of How Management Matters", I am sure if you are interested in recent development in empirical personnel economics, this is a must read.

Insider Econometrics is termed to suggest "the use of rich mirco-level data on workers or work groups inside firms that share a common production function, and at the same time, also refers to the use of insights from insiders - from managers or employees - that inform almost every facet of the research." The latter point, according to the authors, is the defining characteristics of this empirical strategy.

No comments: