Dearden, Lorraine; Reed, Howard; Van Reenen, John - Department of Economic History, London School of … - 2005
It is standard in the literature on training to use wages as a sufficient statistic for productivity. But there are …-related training on direct measures of productivity. We construct a panel of British industries between 1983 and 1996 containing … training, productivity and wages. Using a variety of econometric estimation techniques (including system GMM) we find that …