Related papers: Artificial intelligence and the skill premium
Information asymmetry often leads to adverse selection and moral hazard in economic markets, causing inefficiencies and welfare losses. Traditional methods to address these issues, such as signaling and screening, are frequently…
This paper explores the capacity of artificial intelligence (AI) algorithms to autonomously design incentive-compatible contracts in dual-principal-agent settings, a relatively unexplored aspect of algorithmic mechanism design. We develop a…
The Fourth Industrial Revolution commonly refers to the accelerating technological transformation that has been taking place in the 21st century. Economic growth theories which treat the accumulation of knowledge and its effect on…
This paper investigates the impact of the adoption of generative AI on financial stability. We conduct laboratory-style experiments using large language models to replicate classic studies on herd behavior in trading decisions. Our results…
The digital divide refers to disparities in access to and use of digital tooling across social and economic groups. This divide can reinforce marginalization both at the individual level and at the level of places, because persistent…
Artificial intelligence (AI) is an emerging technology that has the potential to transform many aspects of society, including the economy, healthcare, and transportation. This article synthesizes recent research literature on the global…
The deployment of Large Language Models (LLMs) has ignited concerns about technological unemployment. Existing task-based evaluations predominantly measure theoretical "exposure" to AI capabilities, ignoring critical frictions of real-world…
The rapid convergence of artificial intelligence (AI) toward conversational chatbot interfaces marks a critical moment for the industry. This paper argues that the chatbot paradigm is not a neutral interface choice, but a dominant…
Creativity is core to being human. Generative artificial intelligence (GenAI) holds promise for humans to be more creative by offering new ideas, or less creative by anchoring on GenAI ideas. We study the causal impact of GenAI on the…
An occupation is comprised of interconnected tasks, and it is these tasks, not occupations themselves, that are affected by AI. To evaluate how tasks may be impacted, previous approaches utilized manual annotations or coarse-grained…
Quantifying the workplace productivity effects of Generative Artificial Intelligence is now central to economics, management, and public policy. The deployment of AI tools in customer service, writing, software development, and consulting…
Artificial Intelligence (AI) is reframed as a cognitive engine driving a novel productivity revolution distinct from the Industrial Revolution's physical thrust. This paper develops a theoretical framing of AI as a cognitive revolution akin…
This paper proposes a novel productivity estimation model to evaluate the effects of adopting Artificial Intelligence (AI) components in a production chain. Our model provides evidence to address the "AI's" Solow's Paradox. We provide (i)…
The rapid rise of Generative AI (GenAI) tools has sparked debate over their role in complementing or replacing human workers across job contexts. We present a mathematical framework that models jobs, workers, and worker-job fit, introducing…
The evolution of artificial intelligence (AI) has rendered the boundary between humanity and computational machinery increasingly ambiguous. In the presence of more interwoven relationships within human-machine symbiosis, the very notion of…
This systematic literature review aims to investigate the impact of artificial intelligence (AI) on the labour force in software engineering, with a particular focus on the skills needed for future software engineers, the impact of AI on…
This paper examines the impact of Generative Artificial Intelligence (GenAI) tools like ChatGPT on the creation and consumption of terminological definitions. From the terminologist's point of view, the strategic use of GenAI tools can…
Recent advances in artificial intelligence (AI) have achieved human-scale speed and accuracy for classification tasks. In turn, these capabilities have made AI a viable replacement for many human activities that at their core involve…
Artificial Intelligence with its multifaceted technologies and integral role in global production significantly impacts gender dynamics particularly in gendered labor. This paper emphasizes the need to explore AIs broader impacts on…
AI and related technologies are reshaping jobs and tasks, either by automating or augmenting human skills in the workplace. Many researchers have been working on estimating if and to what extent jobs and tasks are exposed to the risk of…