Insurance within the firm



Table 6

Firms’ and workers’ characteristics in the matched sample

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

Panel A: Firm characteristics

Mean

Median

Stand. dev.

Value added (millions lire)

33,966

6,757

320,159

Employees

413

103

3,724

South

0.1098

0

0.3128

North

0.7156

1

0.4512

Agriculture and Fishery

0.0016

0

0.0403

Mining

0.0042

0

0.0649

Food and tobacco products

0.0526

0

0.2234

Textiles and leather products

0.1251

0

0.3309

Paper, wood products and publishing

0.0907

0

0.2872

Chemicals and petroleum

0.1524

0

0.3595

Primary and fabricated metal products

0.1137

0

0.3176

Machinery and electrical∕electronic

0.2142

0

0.4103

Energy, gas and water

0.0039

0

0.0623

Construction

0.0562

0

0.2304

Retail and wholesale trade, hotels

0.1183

0

0.3230

Transport and telecommunications

0.0227

0

0.1491

Credit, insurance and business services

0.0221

0

0.1470

Other private services

0.0221

0

0.1470

Panel B: Workers’ ch

ιaracterist

ics

Mean

Median

Stand. dev.

Earnings (millions of lire)

26.02

23.81

10.90

Age

40.77

41

9.79

Male

0.7627

1

0.4255

Blue Collars

0.6351

1

0.4815

Clericals

0.3523

0

0.4777

Managers

0.0127

0

0.1118

South

0.1345

0

0.3413

North

0.6750

1

0.4684

46



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