Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?

50 Pages Posted: 30 May 2000 Last revised: 7 Feb 2022

See all articles by Paul M. Romer

Paul M. Romer

National Bureau of Economic Research (NBER)

Date Written: June 2000

Abstract

This paper suggests that innovation policy in the United States has erred by subsidizing the private sector demand for scientists and engineers without asking whether the educational system provides that supply response necessary for these subsidies to work. It suggests that the existing institutional arrangements in higher education limit this supply response. To illustrate the path not taken, the paper considers specific programs that could increase the numbers of scientists and engineers available to the private sector.

Suggested Citation

Romer, Paul M., Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers? (June 2000). NBER Working Paper No. w7723, Available at SSRN: https://ssrn.com/abstract=230163

Paul M. Romer (Contact Author)

National Bureau of Economic Research (NBER)

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