This paper estimates the impact of work-related training on wage growth over the period 1981-91, using longitudinal data from the National Child Development Study, a cohort of young men aged 23 in 1981. A hurdle Negbin model is used to control for training endogeneity. We find that training...

This paper uses a new data source to investigate whether wages rise more with seniority in unionized or nonunionized workplaces. The data distinguish establishments that have incremental wage scales with automatic progression by seniority. For unions with seniority scales, the union wage...

This paper attempts to provide an economic rationale for the existence and pattern of redundancy payments. A model of firm-specific training with uncertain returns to training and uncertainty about the outside options of workers is constructed for this purpose. The central result is that an...