2013/02 | LEM Working Paper Series | |
Dynamics of productivity and cost of labor in Italian Manufacturing firms |
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Giulio Bottazzi, Marco Grazzi |
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Keywords | ||
Size-wage effect; Labor productivity
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JEL Classifications | ||
D21, J31, L11, L60
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Abstract | ||
This paper studies the impact of size on labor cost and productivity
for Italian man- ufacturing firms. The distributions of both labor
cost and productivity display a wide support, even when disaggregated
by sector of industrial activity. Further, both labor cost and
productivity, when considered alone, are growing with the size of the
firm. We investigate this relationship on a new set of data and we are
able to show that once ac- counted for productivity differences among
firms, size still retains a positive effect on cost of labor in most
of the sectors considered.
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