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

Lorraine Margaret Dearden (), Howard Reed and John Michael van Reenen ()

Oxford Bulletin of Economics and Statistics, 2006, vol. 68, issue 4, pages 397-421

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 1983-96 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. Copyright 2006 Blackwell Publishing Ltd.

Date: 2006
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Working Paper: The Impact of Training on Productivity and Wages: Evidence from British Panel Data (2005)
Working Paper: The impact of training on productivity and wages: evidence from British panel data (2005)
Working Paper: The impact of training on productivity and wages: evidence from British panel data (2005)
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