"The authors follow the Hellerstein, Neumark, and Troske (1999) framework to estimate marginal productivity … differentials and compare them with estimated relative wages. The analysis provides evidence on productivity and nonproductivity … training on wages and productivity differentials. Higher education yields higher productivity. However, highly educated workers …

for greater capital accumulation, without being fully reflected in a higher rate of total factor productivity (TFP) growth …

as a functioning credit market to enable private investment, international labor mobility could represent a powerful tool …

and 24 percent for those providing training. Formal job training is a good investment for many firms and the economy …