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来源类型Working Paper
规范类型报告
DOI10.3386/w25065
来源IDWorking Paper 25065
STEM Careers and the Changing Skill Requirements of Work
David J. Deming; Kadeem L. Noray
发表日期2018-09-24
出版年2018
语种英语
摘要Science, Technology, Engineering, and Math (STEM) jobs are a key contributor to economic growth and national competitiveness. Yet STEM workers are perceived to be in short supply. This paper shows that the “STEM shortage” phenomenon is explained by technological change, which introduces new job skills and makes old ones obsolete. We find that the initially high economic return to applied STEM degrees declines by more than 50 percent in the first decade of working life. This coincides with a rapid exit of college graduates from STEM occupations. Using detailed job vacancy data, we show that STEM jobs change especially quickly over time, leading to flatter age-earnings profiles as the skills of older cohorts became obsolete. 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.
主题Labor Economics ; Labor Supply and Demand
URLhttps://www.nber.org/papers/w25065
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/582738
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GB/T 7714
David J. Deming,Kadeem L. Noray. STEM Careers and the Changing Skill Requirements of Work. 2018.
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