Employee age structure and firm innovation

Pekka Ilmakunnas

Economics Bulletin, 2025, vol. 45, issue 4, 1840 - 1849

Abstract: The age-innovation relationship is studied at the firm level, using ten waves of Finnish innovation surveys linked to register data on firms and their employees. A negative age-innovation relationship exists for a wide range of average employee ages. This is robust to using employee age group shares instead of average age, using fixed effects and continuous treatment effects estimation, and using six different measures of innovative behavior. Employee age diversity is, however, not related to innovativeness.

Keywords: innovation; aging; age diversity; R&D (search for similar items in EconPapers)
JEL-codes: J1 O3 (search for similar items in EconPapers)
Date: 2025-12-30
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Working Paper: Employee age structure and firm innovation (2025)
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