The Impact of Training on Productivity and Wages: Evidence from British Panel Data

• Autores: Lorraine Dearden, Howard Reed, John Van Reenen
• Localización: Oxford bulletin of economics and statistics, ISSN 0305-9049, Vol. 68, Nº. 4, 2006, págs. 397-421
• Idioma: inglés
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• Dialnet Métricas: 3 Citas
• Resumen

  • 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 1983–96 and a variety of estimation techniques we find that work‐related training is associated with significantly higher productivity. A 1% 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 data sets that is suggestive of training externalities.