Wage and productivity effects of training are compared to study how the training rent is shared between employers and employees. With panel data from 1996-2002, I analyse the impact of continuing training on wages and productivity in a Cobb-Douglas production framework. Using system GMM...

The predicted labor supply responses to wage and price variations are important when discussing the economic efficiency of taxes and subsidies, and their extent may also be relevant to the analysis of economic fluctuations. This paper presents new estimates of the wage intertemporal substitution...

Properties of GMM estimators for panel data, which have become very popular in the empirical economic growth literature, are not well known when the number of individuals is small. This paper analyses through Monte Carlo simulations the properties of various GMM and other estimators when the...

Wage and productivity effects of training are compared to study how the training rent is shared between employers and employees. Using panel data from 1996-2002, I analyse the impact of continuing training on wages and productivity in a Cobb-Douglas production framework. Using system GMM...