Who pays for general training in private sector Britain?

Publication type

Book Chapter


Aspects of Worker Well-Being


Publication date

June 1, 2007


We use new training data from the British Household Panel Survey to explore the degree to which the data are consistent with the predictions of human capital theory. According to the raw data, most work-related training is general and is paid for by employers. Our fixed effects estimates reveal that employer-financed training is associated with higher wages both in the current and future firms, with some eveidence that the impact in future firms is larger. These results are consistent with human capital theory with credit constraints, and with the relatively recent literature on training in imperfectly competitive labour markets.

Volume and page numbers

Volume: 85-124 , p.85 -123



by Soloman W. Polachek and Olivier Bargain (eds)

not held in Res Lib - bibliographic reference only



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