TY - JOUR
T1 - The impact of training on productivity and wages: Evidence from British Panel Data
AU - Dearden, Lorraine
AU - Reed, Howard
AU - Van Reenen, John
PY - 2006
Y1 - 2006
N2 - 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. © Blackwell Publishing Ltd, 2006.
AB - 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. © Blackwell Publishing Ltd, 2006.
UR - https://www.mendeley.com/catalogue/67dce742-24c0-3e4c-b240-9082bd7e0a8f/
UR - https://www.scopus.com/pages/publications/33746595355
U2 - 10.1111/j.1468-0084.2006.00170.x
DO - 10.1111/j.1468-0084.2006.00170.x
M3 - Article
SN - 0305-9049
VL - 68
SP - 397
EP - 421
JO - Oxford Bulletin of Economics and Statistics
JF - Oxford Bulletin of Economics and Statistics
IS - 4
ER -
