Wage rigidities and business cycle fluctuations: a linked employer-employee analysis

Table 4 Descriptive statistics of INVIND firms: mean and standard deviation

Source: The skewness is taken from INPS data on the population of workers belonging to firms in the INVIND sample. Turnover, accessions, separations, share of temporary workers, overtime hours per worker and sales from the INVIND survey. Average wage, firm size, age and sector from INPS data on the population of firms. Value added per worker from CERVED. Turnover_2011, accessions₂₀₁₁ and separations₂₀₁₁ are cumulative for the years 2009–2011, turnover_2013, accessions₂₀₁₃ and separations₂₀₁₃ are cumulative for the years 2009–2013. All variables in %Δ are defined with 2008 as base year