Directorate for Science, Technology and Innovation
Productivity and human capital
The Italian case
This paper investigates whether and how worker composition, ownership and management
affect the productivity of firms. To this aim, we use a dataset obtained by integrating
the micro-data drawn from Rilevazione su Imprese e Lavoro (RIL), a survey conducted
by Inapp in 2010 and 2015 on a representative sample of Italian limited liability
and partnership firms, with the AIDA archive containing comprehensive information
on the balance sheets of almost all the Italian corporations. We apply different regression
models and the findings reveal that a higher share of skilled workers within firms
and more experienced managers are associated with higher productivity levels. In addition,
firms run by managers with higher education are more likely to introduce innovation.
Finally, family ownership and the coincidence of management with ownership are negatively
related with firm productivity.