Experience, Innovation, and Productivity

Empirical Evidence from Italy’s Slowdown

Bibliographic Data

ID3528468
AuthorsFrancesco Daveri (0000-0001-5862-1633, Università Cattolica del Sacro Cuore), Maria Laura Parisi (0000-0002-7072-3664, Francesco Daveri is Professor of Economic Policy at Univereasure of openness to innosità Cattolica del Sacro Cuore, Piacenza. Maria Laura Parisi is Associate Professor of Economics at the University of Brescia.)
Year2015
Volume68
Issue4
Pages889-915
Publication date2015-08-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueIndustrial and Labor Relations Review (JOURNAL)
Journal identifiersISSN: 0019-7939 • E-ISSN: 2162-271X
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0019793915586971
OpenAlexW1531535286
LanguageEN
Citations received3
References cited38

The authors investigate whether the level of employee experience is good or bad for innovation and productivity. Using a sample of Italian manufacturing firms during the early 2000s, the authors find different results for managers' versus workers' experience. The effect of managerial experience-proxied by age-on firm performance appears to depend on the type of firm; in innovative firms, having older managers and board members has a negative effect on innovation and productivity, while in non-innovative firms, the costs and benefits of having older managers appear to cancel each other out. For workers, the effect of having a high share of inexperienced (temporary) workers is unambiguously associated with low innovation and low productivity. These results also hold when endogenous regime switching is taken into consideration

Business · Demographic economics · Economic growth · Economics · Industrial organization · Labour economics · Productivity · Sample (material) · Corporate Finance and Governance · Firm Innovation and Growth · Italy: Economic History and Contemporary Issues · Marketing

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