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NERA Managing Director Dr. Jeffrey A. Eisenach and Associate Director Dr. Robert Kulick examine the relationship between the pace of 4G adoption and growth in employment and output in the United States from Q3 2010 to Q4 2014, and consider what the pace and economic impact of 4G adoption can tell us about the adoption of 5G. Dr. Eisenach and Dr. Kulick note that if 5G adoption follows the path of 4G adoption in the United States, then, at its peak, 5G will contribute approximately three million jobs and $635 billion in GDP to the US economy in the fifth year following its introduction.