Science, Technology, Engineering, and Math (STEM) jobs are a key contributor to economic growth and national …. Our findings highlight the importance of technology-specific skills in explaining life-cycle returns to education, and … show that STEM jobs are the leading edge of technology diffusion in the labor market …

We consider a setting where strategic behavior of r&d firms can lead to different types of a technology lock …-in, permanent or temporary, in an eventually inferior technology. The simple setting with one incumbent and one potential entrant … socially suboptimal, since it may lead to faster development of the existing technology due to persistent threat of the …