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Olof Ejermo. Photo.

Olof Ejermo

Professor

Olof Ejermo. Photo.

Death and Turmoil in the R&D team

Author

  • Thomas Åstebro
  • Olof Ejermo
  • Otto Toivanen

Summary, in English

We use a novel method to define the R&D team and use the unexpected death of an R&D worker to study its effect on the organization of R&D teams in profit-making firms. Average treatment effects on exit probability, entry probability, wages of stayers, and characteristics of leavers are null. Hires are slightly younger in treatment than control. Treatment effects do not vary by the size of the R&D team but vary in interesting ways by the characteristics of the deceased and with job market liquidity. Results suggest weak complementarity of personnel and almost perfect substitution of talent in business R&D.

Department/s

  • Department of Economic History

Publishing year

2023-11-06

Language

English

Pages

1-44

Publication/Series

Discussion paper

Issue

DP188578

Document type

Working paper

Publisher

Centre for Economic Policy Research (CEPR)

Topic

  • Economic History

Keywords

  • J24
  • J30
  • J41
  • O31
  • O32
  • innovation
  • knowledge spillovers
  • managerial response
  • organizational economic s
  • peer effects
  • R&D teams

Status

Published

ISBN/ISSN/Other

  • ISSN: 0265-8003