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date: 06 July 2022

Abstract and Keywords

The article is organized in three parts. In the first, it considers the development of personnel economics and argues that there are shortcomings that reflect the one-sided integration of economics into HRM. The second considers a selection of studies that provide a more integrated attempt to span the economics and HRM boundaries. The third, turns to the neglect of variations in national institutions and business systems in the analyses of HRM policies within organizations.

Keywords: personnel economics, national institutions, business system, HRM policies, economics and HRM, organizations

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