Olof Ejermo
Professor
Death and Turmoil in the R&D team
Author
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