Using retrospective work history data for over 50,000 men and women in Great Britain surveyed in 1975-76, the authors document the amount of vocational training occurring in a ten-year period and discuss its effects and determinants. The effects of training on occupational status are estimated...

We estimate mark-ups of price over marginal cost for UK manufacturing, based on the approach of Hall (1988). We also extend his method to allow for varying mark-ups over industries and the cycle. Using data on 16 two-digit industries, 1968-89, we find: (1) the average mark-up in UK manufacturing...

Many explanations for the recent productivity growth improvement in Britain have centered on changes in the labor market, arising from the changing role of trade unions for example. This paper asks whether changes in the product market are part of the story. The author proposes a model of...