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Average real UK household income has almost doubled over the past forty years. With four decades of micro-data on household incomes, and relatively simple decomposition methods, we document the contribution to this growth in the mean net household income of working-age households from different...
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There is a vast empirical literature of the effects of training on wages that are taken as an indirect measure of … Force Survey. This is combined with complementary industry-level data sources on value added, wages, labour and capital. We … productivity) is low. Secondly, our estimates of the effects of training on wages are about half the size of the effects on …
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forms of work-related training received by men and women over the period 1998-2000, and to estimate their impact on wages … estimate the impact of training - controlling for its financing method - on wages levels and wages growth. We find that … employer-financed training increases wages both in the current and future firms, with some evidence that the impact in future …
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