Abstract
Most studies on the productivity impact of training take wages as a proxy for productivity. The focus of this chapter is on comparing wage and productivity effects in order to study how the training rent is shared between employers and employees. Using panel data from 1996–2002, this chapter analyses the impact of continuing training on wages and productivity in a Cobb-Douglas production framework. Using system generalised method of moments (GMM) techniques allows to account for endogeneity and time-invariant unobserved factors. Results suggest that the training rent is shared between employer and employee because a positive effect of continuing training on both wages and productivity is calculated. High-skilled workers seem to capture a larger share of the rent than low-skilled workers.
This chapter draws on Kuckulenz (2006b).
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Rights and permissions
Copyright information
© 2007 Physica-Verlag Heidelberg
About this chapter
Cite this chapter
(2007). Comparison of Wage and Productivity Effect: A Sectoral Analysis. In: Studies on Continuing Vocational Training in Germany. ZEW Economic Studies, vol 37. Physica-Verlag HD. https://doi.org/10.1007/978-3-7908-1968-7_5
Download citation
DOI: https://doi.org/10.1007/978-3-7908-1968-7_5
Publisher Name: Physica-Verlag HD
Print ISBN: 978-3-7908-1967-0
Online ISBN: 978-3-7908-1968-7
eBook Packages: Business and EconomicsEconomics and Finance (R0)