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Fabiano Schivardi

Fabiano Schivardi


Current position
Full Professor, Luiss University
1998 Stanford University, Ph. D. in Economics
1992 Bocconi University, Laurea in Economics, magna cum laude.
Research Interests
Industrial Organization, Applied Micro, Labor.
Other affiliations
Research Fellow, Einaudi Institute for Economics and Finance (EIEF)
Centre for Economic Policy Research (CEPR), Research Affiliate
Previous Positions
2006-20012: Full Professor, Universty of Cagliari
2004-2006 Head of the Industrial Organization Unit, Bank of Italy, Research Department
2003-2004 Harvard Economics Department, visiting fellow
1998-2004 Economist, Bank of Italy, Research Department
Recent Selected Publications
"Credit within the firm", with Luigi Guiso and Luigi Pistaferri, Review of Economic Studies, forthcoming.
"Does Idiosyncratic Business Risk Matter for Growth? ", with C. Michelacci, Journal of the European Economic Association, forthcoming.
"Entry Barriers in Italian Retail Trade", with E. Viviano, Economic Journal, Vol. 121, pp. 145-170, 2011.
"What determines entrepreneurial clusters?", with L. Guiso, Journal of the European Economic Association, Vol. 9, Issue 1, pp. 61-86, 2011.
"Skill dispersion and Productivity: an Analysis with Matched Data", with S. Iranzo and E. Tosetti, Journal of Labor Economics¸ Vol. 26, pp. 247-285,
"Strategic Experimentation and Disruptive Technological Change," with M. Schneider, Review of Economic Dynamics, Vol. 11, pp. 386-412, 2008.
"Spillovers in Industrial Districts", with Luigi Guiso, Economic Journal, Vol. 117, pp. 68-93, 2007.
"Insurance within the Firm", with L. Guiso and L. Pistaferri, Journal of Political Economy, Vol. 113, pp. 1054-1087, 2005.
Other professional activities
Co-author of the Report to the Prime Minister for the reform of the firms subsidies system ("Rapporto Giavazzi")
Member of the panel for the research assessment of the Italian University system (GEV), 2011-2012.
Member of the founding group of EIEF
Member of the Panel for Economic Policy, 2010-2012
Member of the Editorial committee of (for my policy articles there, see
• National coordinator for the Italian PRIN grant Labor and Finance, financed by the MIUR for the years 2012-2014
• Coordinator for the regional grant "What generates an entrepreneur?", 2011-2012
• Institute for Exceptional Growth Companies, grant for the project A comparative analysis of firms' post-entry performance: the US and Italy, entailing access to the US firm level data of the Institute (November 2011).
• Local coordinator for the Italian PRIN grant Corporate Ownership, Control and Governance, financed by the MIUR for the years 2007-2009
• Coordinator for the regional grant La valutazione delle politiche scolastiche della Regione Sardegna, 2010-2011
• Participants to the IAREG and EFIGE projects, financed by the EU within the seventh framework
























  • Ellul, Andrew; Pagano, Marco; Schivardi, Fabiano (2018). Employment and Wage Insurance within Firms: Worldwide Evidence, in THE REVIEW OF FINANCIAL STUDIES. p. 1566-1603.
  • Crawford, Gregory S.; Pavanini, Nicola; Schivardi, Fabiano (2018). Asymmetric Information and Imperfect Competition in Lending Markets, in THE AMERICAN ECONOMIC REVIEW. p. 1659-1701.
  • Macis, Mario; Schivardi, Fabiano (2016). Exports and wages: rent sharing, workforce composition, or returns to skills?, in JOURNAL OF LABOR ECONOMICS. p. 945-978.
  • Pozzi, Andrea; Schivardi, Fabiano (2016). Entry regulation in retail markets. In: Handbook on the economics of retail and distribution, Month 1, p. 233-249. ISBN: 10.4337/9781783477388.00020.
  • Andrea Pozzi; Fabiano Schivardi (2016). Demand or productivity: what determines firm growth?, in RAND JOURNAL OF ECONOMICS. p. 608-630.
  • Di Liberto, Adriana; Schivardi, Fabiano; Sulis, Giovanni (2015). Managerial practices and student performance, in ECONOMIC POLICY. p. 683-728.
  • Francesco Lippi; Fabiano Schivardi (2014). Corporate Control and Executive Selection, in QUANTITATIVE ECONOMICS. p. 417-456.
  • L. Guiso;L. Pistaferri;F. Schivardi (2013). Credit within the Firm, in REVIEW OF ECONOMIC STUDIES. p. 211-247.
  • C. Michelacci; F. Schivardi (2013). Does Idiosyncratic Business Risk Matter for Growth?, in JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION. p. 343-368.
  • L. Guiso; F. Schivardi; G. Tabellini (2013). Ridateci credito. Month 1, p. 1-82. ISBN: 9788861264281.
  • SCHIVARDI F; VIVIANO E (2011). Entry Barriers in Italian Retail Trade, in ECONOMIC JOURNAL. p. 145-170.
  • SCHIVARDI F; GUISO; L (2011). What determines entrepreneurial clusters?, in JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION. p. 61-86.
  • SCHIVARDI F; Giorgio Barba Navaretti; Matteo Bugamelli (2011). Trade responses in Europe: is there anything we can infer from firm heterogeneity?. In: Recovery and bejond. Lessons for trade adjustment and competitivness, Month 1, p. 30-40. ISBN: 2-s2.0-79751520127.
  • Giorgio Barba Navaretti; Matteo Bugamelli; Fabiano Schivardi; Carlo Altomonte; Daniela Maggioni; Daniel Horgos (2011). The global operations of European firms. Month 1, p. 1-83. ISBN: 9789078910206.
  • Schivardi F; Torrini R (2010). Structural change and human capital in the Italian productive system, in GIORNALE DEGLI ECONOMISTI E ANNALI DI ECONOMIA. p. 119-167.
  • BUGAMELLI M; SCHIVARDI F; ZIZZA R (2010). The euro and firm restructuring. In: Europe and the euro, Month 1, p. 99-140-140. CHICAGO: Chicago University Press. ISBN: 9789078910206.
  • Marco Del Negro; Fabrizio Perri; Fabiano Schivardi (2010). Tax buyouts, in JOURNAL OF MONETARY ECONOMICS. p. 576-595.
  • PANETTA F; SCHIVARDI F; SHUM M (2009). Do Mergers Improve Information? Evidence from the Loan Market, in JOURNAL OF MONEY, CREDIT, AND BANKING. p. 673-709.
  • S. IRANZO; SCHIVARDI F; E. TOSETTI (2008). Skill dispersion and Productivity: an Analysis with Matched Data, in JOURNAL OF LABOR ECONOMICS. p. 247-285.
  • SCHIVARDI F; TORRINI; R (2008). Identifying the Effects of Firing Restrictions through Size-Contingent Differences in Regulation, in LABOUR ECONOMICS. p. 482-511.
  • SCHIVARDI F; SCHNEIDER; M (2008). Strategic Experimentation and Disruptive Technological Change, in REVIEW OF ECONOMIC DYNAMICS. p. 386-412.
  • BARBA-NAVARETTI G; BUGAMELLI M; FAINI R; SCHIVARDI F; TUCCI A (2007). Le imprese e la specializzazione produttiva dell’Italia. Dal macrodeclino alla microcrescita. In: , Month 1, ISBN: 10.1016/
  • GUISO L; SCHIVARDI F (2007). Spillovers in Industrial Districts, in ECONOMIC JOURNAL. Month 1, p. 68-93.
  • PENCAVEL J; PISTAFERRI L; SCHIVARDI F (2006). Wages, Employment, and Capital in Capitalist and Worker-owned Firms, in INDUSTRIAL & LABOR RELATIONS REVIEW. p. 23-44.
  • F. LOTTI; SCHIVARDI F (2006). Cross Country Differences in Patent Propensity: a Firm Level Investigation, in GIORNALE DEGLI ECONOMISTI E ANNALI DI ECONOMIA. Month 1, p. 469-502.
  • S. FABIANI; SCHIVARDI F; S. TRENTO (2005). ICT Adoption in Italian Manufacturing: Firm-Level Evidence, in INDUSTRIAL AND CORPORATE CHANGE. Month 1, p. 225-249.
  • GUISO L; PISTAFERRI L; SCHIVARDI F (2005). Insurance within the Firm, in JOURNAL OF POLITICAL ECONOMY. p. 1054-1087.
  • SCHIVARDI F; CINGANO F (2005). Struttura produttiva locale e crescita. In: Economie locali e competizione globale, Month 1, p. 30-50. BOLOGNA: Il Mulino. ISBN: 10.1086/432136.
  • E. BARTELSMANN; S. SCARPETTA; SCHIVARDI F (2005). Comparative analysis of firm demographics and survival: micro-level evidence for the OECD countries, in INDUSTRIAL AND CORPORATE CHANGE. Month 1, p. 365-391.
  • SCHIVARDI F; NUCCI F; POZZOLO A (2005). Capital Structure and Productivity: an Analysis on Firm-Level Data, in RIVISTA DI POLITICA ECONOMICA. Month 1, p. 177-198.
  • F CINGANO; SCHIVARDI F (2004). Identifying the Sources of Local Productivity Growth, in JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION. p. 720-742.
  • SCHIVARDI F; TRENTO S (2003). La nuova economia come una “General Purpose Technology”: implicazioni di politica economica. In: , Month 1.
  • P. PAGANO; SCHIVARDI F (2003). Firm Size Distribution and Growth, in SCANDINAVIAN JOURNAL OF ECONOMICS. Month 1, p. 255-274.
  • SCHIVARDI F; S FABIANI; S TRENTO (2003). Quale impresa italiana investe in tecnologie digitali. In: La nuova economia, Month 1, p. 30-50. BOLOGNA: Il Mulino. ISBN: 2-s2.0-0042813552.
  • SCHIVARDI F (2003). Reallocation and learning over the business cicle, in EUROPEAN ECONOMIC REVIEW. p. 95-111.
  • P. CASELLI; P. PAGANO; SCHIVARDI F (2003). Uncertainty and the Slowdown of Capital Accumulation in Europe, in APPLIED ECONOMICS. Month 1, p. 79-89.
  • P. CASELLI; P. PAGANO; SCHIVARDI F (2001). Investment and Growth in Europe and the United States in the Nineties, in RIVISTA DI POLITICA ECONOMICA. Month 1, p. 3-35.
  • M. HORVATH; M. WOYWODE; SCHIVARDI F (2001). On Industry Life Cycle: Delay, Entry and Shakeout in Beer Brewing, in INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION. Month 1, p. 1023-1052.
  • SCHIVARDI F (2000). Rigidità nel mercato del lavoro, disoccupazione e crescia, in GIORNALE DEGLI ECONOMISTI E ANNALI DI ECONOMIA. Month 1, p. 115-141.