The Biomedical Workforce in the US: An Example of Positive Feedbacks

International Centre for Economic Research Working Paper No. 11/2010

28 Pages Posted: 6 Jul 2010

See all articles by Paula E. Stephan

Paula E. Stephan

Georgia State University - Department of Economics; National Bureau of Economic Research (NBER)

Date Written: June 2010

Abstract

This paper makes the case that the biomedical workforce in the United States is characterized by positive feedbacks. The paper begins by setting out background information on (1) the way in which research is structured in the biomedical sciences; (2) the reward structure among biomedical researchers; and (3) the funding enterprise for biomedical sciences. After addressing these three key components, the paper examines what these mean in terms of the market for graduate stud ents, postdocs and faculty. It then explores ways in which the positive feedback mechanisms could be dampened. It concludes that the presence of positive feedbacks in the biomedical workforce is a result of system-wide problems. Any fix requires changing incentives. This is unlikely to occur as long as the U.S. Congress and faculty have their way.

Suggested Citation

Stephan, Paula E., The Biomedical Workforce in the US: An Example of Positive Feedbacks (June 2010). International Centre for Economic Research Working Paper No. 11/2010, Available at SSRN: https://ssrn.com/abstract=1634769 or http://dx.doi.org/10.2139/ssrn.1634769

Paula E. Stephan (Contact Author)

Georgia State University - Department of Economics ( email )

P.O. Box 3992
Atlanta, GA 30302-3992
United States

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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