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Type: Journal Articles Authors: Lorraine Dearden, Howard Reed and John Van Reenen
Published in: Oxford Bulletin of Economics and Statistics
Volume, issue, pages: Vol. 68, No. 4, pp. 397-421.
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. Search |
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