productivity) is low. Secondly, our estimates of the effects of training on wages are about half the size of the effects on …There is a vast empirical literature on the effects of training on wages that are taken as an indirect measure of … productivity. This paper is part of a smaller literature on the effects of training on direct measures of industrial productivity …

to reduce its labour costs. If the level of wages is sufficiently low, the firm's rate of productivity growth approaches …This Paper studies the inter-temporal problem of a monopolistic firm that engages in productivity-enhancing innovations … time. Otherwise, it will gradually reduce its innovation effort over time and ultimately terminate production. Productivity …

-state equilibria in which productivity grows at the same rate as wages, the real interest rate is below the laissez-faire level, and so …-equilibrium model with endogenous productivity growth. For real wage growth above laissez-faire levels, we obtain steady … constant rate equal to the difference between the growth rates of productivity and output. This contrasts with the view that …

Our model studies the evolution of productivity growth in a competitive industry. The exogenous wage rate determines … the firms' engagement in labour productivity enhancing process innovation. There is a unique steady state of the industry …

Using two matched plant level skills and productivity datasets for UK manufacturing we document that (i) more …

efficiency. First, treatment firms have higher productivity and quality after accounting for rug specifications. Second, when …