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Productivity and Wages : What Was the Productivity-Wage Link in the Digital Revolution of the Past, and What Might Occur in the AI Revolution of the Future?

Lazear, Edward P.; Shaw, Kathryn; Hayes, Grant E.; … - National Bureau of Economic Research - 2022

Wages have been spreading out across workers over time - or in other words, the 90th/50th wage ratio has risen over … calculations of productivity by skill level for the U.S., we show that the distributions of both wages and productivity have spread … exists, such that gains in aggregate productivity, or GDP per person, have resulted in higher wages for workers at the top …

Persistent link: https://www.econbiz.de/10013477226

Stochastic capital depreciation and the comovement of hours and productivity

Dueker, Michael (contributor); … - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001971164

Labor Market Fluidity and Human Capital Accumulation

Engbom, Niklas - National Bureau of Economic Research - 2022

Using panel data from 23 OECD countries, I document that wages grow more over the life-cycle in countries where job …

Persistent link: https://www.econbiz.de/10012814473

Winners and Losers from the Work-from-Home Technology Boon

Davis, Morris A.; Ghent, Andra C.; Gregory, Jesse M. - National Bureau of Economic Research - 2024

We model how an increase in Work-from-Home (WFH) productivity differentially affects workers using a framework in which some workers cannot work offsite, some are hybrid, and some are completely remote. The improvement in WFH productivity increases housing demand and thus housing prices since...

Persistent link: https://www.econbiz.de/10015171687

This is Air : The "Non-Health" Effects of Air Pollution

Aguilar-Gomez, Sandra; Dwyer, Holt; Zivin, Joshua S. Graff - National Bureau of Economic Research - 2022

A robust body of evidence shows that air pollution exposure is detrimental to health outcomes, often measured as deaths and hospitalizations. This literature has focused less on subclinical channels that nonetheless impact behavior, performance, and skills. This article reviews the economic...

Persistent link: https://www.econbiz.de/10013172147

Artificial Intelligence and Technological Unemployment

Wang, Ping; Wong, Tsz-Nga - National Bureau of Economic Research - 2025

How large is the impact of artificial intelligence (AI) on labor productivity and unemployment? This paper introduces a labor-search model of technological unemployment, conceptualizing the generative aspect of AI as a learning-by-using technology. AI capability improves through machine learning...

Persistent link: https://www.econbiz.de/10015409900

Allocative Skill

Caplin, Andrew; Deming, David J.; Leth-Petersen, Søren; … - National Bureau of Economic Research - 2023

Jobs increasingly require good decision-making. Workers are valued not only for how much they can do, but also for their ability to decide what to do. In this paper we develop a theory and measurement paradigm for assessing individual variation in the ability to make good decisions about...

Persistent link: https://www.econbiz.de/10014372431

How Worker Productivity and Wages Grow with Tenure and Experience : The Firm Perspective

Caplin, Andrew; Lee, Minjoon; Leth-Petersen, Søren; … - National Bureau of Economic Research - 2022

job. (1) On-the-job productivity growth exceeds wage growth, consistent with wages not being allocative period …

Persistent link: https://www.econbiz.de/10013361996

The ABC's of Who Benefits from Working with AI : Ability, Beliefs, and Calibration

Caplin, Andrew; Deming, David J.; Li, Shangwen; Martin, … - National Bureau of Economic Research - 2024

We use a controlled experiment to show that ability and belief calibration jointly determine the benefits of working with Artificial Intelligence (AI). AI improves performance more for people with low baseline ability. However, holding ability constant, AI assistance is more valuable for people...

Persistent link: https://www.econbiz.de/10015094863

Screening with Multitasking

Dinerstein, Michael; Opper, Isaac M. - National Bureau of Economic Research - 2022

What happens when employers would like to screen their employees but only observe a subset of output? We specify a model in which heterogeneous employees respond by producing more of the observed output at the expense of the unobserved output. Though this substitution distorts output in the...

Persistent link: https://www.econbiz.de/10013334527

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