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Death and Turmoil in the R&D team

Åstebro, Thomas ; Ejermo, Olof LU and Toivanen, Otto (2023) In Discussion paper p.1-44
Abstract
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.
Please use this url to cite or link to this publication:
author
; and
organization
publishing date
type
Working paper/Preprint
publication status
published
subject
keywords
J24, J30, J41, O31, O32, innovation, knowledge spillovers, managerial response, organizational economic s, peer effects, R&D teams
in
Discussion paper
issue
DP188578
pages
1 - 44
publisher
Centre for Economic Policy Research (CEPR)
ISSN
0265-8003
language
English
LU publication?
yes
id
031c2959-faa2-45da-b5b6-5222da30131f
alternative location
https://cepr.org/publications/dp18578
date added to LUP
2023-12-09 20:12:23
date last changed
2023-12-11 10:22:58
@misc{031c2959-faa2-45da-b5b6-5222da30131f,
  abstract     = {{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.}},
  author       = {{Åstebro, Thomas and Ejermo, Olof and Toivanen, Otto}},
  issn         = {{0265-8003}},
  keywords     = {{J24; J30; J41; O31; O32; innovation; knowledge spillovers; managerial response; organizational economic s; peer effects; R&D teams}},
  language     = {{eng}},
  month        = {{11}},
  note         = {{Working Paper}},
  number       = {{DP188578}},
  pages        = {{1--44}},
  publisher    = {{Centre for Economic Policy Research (CEPR)}},
  series       = {{Discussion paper}},
  title        = {{Death and Turmoil in the R&D team}},
  url          = {{https://cepr.org/publications/dp18578}},
  year         = {{2023}},
}