Experience, innovation and productivity. Empirical evidence from Italy's slowdown

Francesco Daveri and Maria Laura Parisi

Working Papers from University of Brescia, Department of Economics

Abstract: We investigate the role of workers’ and managerial experience as a determinant of firm innovation and productivity in a sample of about ten thousands Italian firms. A high share of temporary – thus un-experienced - workers is associated to low innovation and productivity. The effect of managerial experience proxied by age on firm performance depends instead on the type of firm: high age of managers and board members is bad for innovation and productivity growth, while costs and benefits of old managerial age cancel out for non-innovative firms.

Date: 2010
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Working Paper: Experience, Innovation and Productivity - Empirical Evidence from Italy's Slowdown (2010)
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