Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/71451 
Year of Publication: 
2005
Series/Report no.: 
IFS Working Papers No. 05/16
Publisher: 
Institute for Fiscal Studies (IFS), London
Abstract: 
It is standard in the literature on training to use wages as a sufficient statistic for productivity. This paper examines the effects of work-related training on direct measures of productivity. Using a new panel of British industries 1983-1996 and a variety of estimation techniques we find that work-related training is associated with significantly higher productivity. A one percentage point increase in training is associated with an increase in value added per hour of about 0.6% and an increase in hourly wages of about 0.3%. We also show evidence using individual level datasets that is suggestive of training externalities.
Subjects: 
Productivity
training
wages
panel data
JEL: 
J31
C23
D24
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
560.32 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.