Who Pays for General Training in Private Sector Britain?

Alison Booth, Mark L Bryan

    Research output: Chapter in Book/Report/Conference proceedingChapter


    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 evidence 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.
    Original languageEnglish
    Title of host publicationAspects of Worker Well-Being
    Editors Polachek, S.W., Bargain, O.
    Place of PublicationOxford, UK
    ISBN (Print)9780762313907
    Publication statusPublished - 2007


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