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

Lorraine Dearden (), Howard Reed and John van Reenen

Oxford Bulletin of Economics and Statistics, 2006, vol. 68, issue 4, 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.

Date: 2006
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https://doi.org/10.1111/j.1468-0084.2006.00170.x

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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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