TY  - JOUR
AU  - Romer, Paul M
TI  - Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 7723
PY  - 2000
Y2  - June 2000
DO  - 10.3386/w7723
UR  - http://www.nber.org/papers/w7723
L1  - http://www.nber.org/papers/w7723.pdf
N1  - Author contact info:
Paul M. Romer
New York UniversityM1  - published as Paul M. Romer. "Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?," in Adam B. Jaffe, Josh Lerner and Scott Stern, editors, "Innovation Policy and the Economy, Volume 1" MIT Press (2001)

AB  - 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.
ER  -