C H A P T E R

The Economics of Human Resource Management

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The Distribution of Advanced Effective HRM Practices in the American Workforce

Figure 10.1

SOURCE: Reprinted from Richard B. Freeman and Joel Rogers, What Workers Want (Ithaca: Cornell University Press, 1999), 96. Copyright © 1999 by Russell Sage Foundation. Used by permission of the publisher, Cornell University Press.

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The Demand Curve for HRM Practices

Figure 10.2

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Benefits and Costs to Individuals WhenEducation is Used as a Screening Device

Figure 10.3

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Signaling Failures and the Optimal Signal

Figure 10.4

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Wage Gradient, Fast-Food Restaurants in Atlanta, GA

Figure 10.5

SOURCE: Madelyn V. Young and Bruce E. Kaufman, “Interfirm Wage Differentials in a Local Labor Market: The Case of the Fast-Food Industry,” Journal of Labor Research 18 (Summer 1997): 475. The wage rates on the vertical axis have been rescaled to reflect 2001 prices.

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Alternative Forms of Pay

Table 10.1

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Alternative Employment Systems

Table 10.2

SOURCE: James Barton, M. Diane Burton, and Michael Hannan, “The Road Taken: Origins of Employment Systems in Emerging Companies,” in Glen Carroll and David Teece, eds., Firms, Markets, and Hierarchies (New York: Oxford University Press, 1999), 428–64.

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Earnings Structure for Winners in Two Golf Tournaments, 2000

Figure 10.6SOURCE: <http://www.pgatour.com>.

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