Insurance within the firm



Table 1
Firms’ and workers’ characteristics in the full sample

Panel A reports summary statistics for the firms in our data set; panel B shows descriptive
statistics for the sample of workers. All statistics refer to 1991.

Panel A: Firms’ characteristics

Mean

Median

Stand. dev.

Value added (millions of lire)

16,879

3,935

245,773

Employees

204

60

2,353

South

0.0887

0

0.2844

North

0.7485

1

0.4339

Agriculture and Fishery

0.0028

0

0.0527

Mining

0.0054

0

0.0731

Food and tobacco products

0.0485

0

0.2149

Textiles and leather products

0.1225

0

0.3278

Paper, wood products and publishing

0.0931

0

0.2906

Chemicals and petroleum

0.1308

0

0.3372

Primary and fabricated metal products

0.1080

0

0.3104

Machinery and electrical∕electronic

0.1934

0

0.3950

Energy, gas and water

0.0027

0

0.0518

Construction

0.0758

0

0.2647

Retail and wholesale trade, hotels

0.1548

0

0.3617

Transport and telecommunications

0.0254

0

0.1572

Credit, insurance and business services

0.0186

0

0.1351

Other private services

0.0182

0

0.1337

Panel B: Workers’ ch

ιaracteris'

tics

Mean

Median

Stand. dev.

Earnings (millions of lire)

25.49

23.15

11.27

Age

40.52

41

9.88

Male

0.7410

1

0.4381

Blue Collars

0.6393

1

0.4802

Clericals

0.3460

0

0.4657

Managers

0.0146

0

0.1201

South

0.1529

0

0.3599

North

0.6610

1

0.4734

41



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