This paper uses individual data on employment and wages to shed light on the UK's productivity puzzle. It finds that … workforce composition cannot explain the reduction in wages and hence productivity that we observe; instead, real wages have … lower capital-labour ratio. We cannot tell whether productivity is driving wages or vice versa, but understanding why wages …

on the working week, employment and productivity. A baseline model economy is calibrated to reproduce the cross … in productivity. In the work-sharing scenario, the increase in employment (1.86%) comes at the expense of a lower … increase in productivity (1.31%). Finally, the full flexibility scenario preserves employment and generates a substantial …

correlates; and (c) the link between TVA and teacher wages. Teachers are highly effective in our setting: Moving a student from … between TVA and wages in the public sector (although there is in the private sector), and a policy change that shifted public … hiring from permanent to temporary contracts, reducing wages by 35 percent, had no adverse impact on TVA, either immediately …

productivity and wages. Workers receiving training are on average more productive than workers not receiving training. This makes … productivity. Average wages increase only by 0.5%. Sectoral spillovers between firms that train workers are found, but only in … firms more productive. On-the-job training increases firm level measured productivity between 1 and 2%, compared to firms …

correlates; and (c) the link between TVA and teacher wages. Teachers are highly effective in our setting: Moving a student from … between TVA and wages in the public sector (although there is in the private sector), and a policy change that shifted public … hiring from permanent to temporary contracts, reducing wages by 35 percent, had no adverse impact on TVA, either immediately …