Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/71451
Authors: 
Dearden, Lorraine
Reed, Howard
Van Reenen, John
Year of Publication: 
2005
Series/Report no.: 
IFS Working Papers, Institute for Fiscal Studies (IFS) 05/16
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

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