We use data on Austrian firms and employees to estimate the effects of employer-provided training on productivity …, wages, and the inequality of wages within firms. While the average amount spent on employer-provided training is low in … general, we find a robust positive elasticity of training on productivity of about 0.04. In-house training is more effective …

investigates its impact on the evolution of employment. Whilst maintaining the assumption of a unitary long-run elasticity of wages … with respect to productivity, we demonstrate that productivity growth affects the labour share in the long run due to … frictional growth (that is, the interplay of wage dynamics and productivity growth). In the light of this result, we consider a …

Changes in labor productivity have been a source of puzzlement and paradoxical results for economists. We suggest that … percent of all the variations in labor productivity. Also, our estimation method and our results suggest that conventional …

We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …

This paper examines Total Factor Productivity (TFP) and knowledge flows, using international patent data. The result is …-industry innovation enhances domestic productivity, and domestic between industry innovations are productivity enhancing. However, foreign …-sourced between-industry innovation has a negative effect on domestic productivity. This highlights the dual aspect of patents as a …

new technological paradigm, which delayed their industrialization and, hence, their take-off to a state of sustained … development in the agricultural stage but has had a negative impact on income per capita in the course of industrialization; and … economic development in the process of industrialization. …

The paper uses building workers' wages 1209-2004, and the skill premium, to consider the causes and consequences of the … Industrial Revolution. Real wages were trendless before 1800, as would be predicted for the Malthusian era. Comparing wages with … the classic Industrial Revolution and even the arrival of modern democracy in 1689. Building wages also conflict with …