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Technological Innovation and Labor Income Risk

Kogan, Leonid - 2020

of creative destruction, we draw a distinction between technological innovation advanced by the firm, or its competitors …. Using administrative data from the United States, we find that own firm innovation is associated with a modest increase in … worker earnings growth, while innovation by competing firms is related to lower future worker earnings. Importantly, these …

Persistent link: https://www.econbiz.de/10012481921

Tracking Firm Use of AI in Real Time : A Snapshot from the Business Trends and Outlook Survey

Bonney, Kathryn; Breaux, Cory; Buffington, Cathy; … - National Bureau of Economic Research - 2024

Timely and accurate measurement of AI use by firms is both challenging and crucial for understanding the impacts of AI on the U.S. economy. We provide new, real-time estimates of current and expected future use of AI for business purposes based on the Business Trends and Outlook Survey for...

Persistent link: https://www.econbiz.de/10014528359

Preparing for the (Non-Existent?) Future of Work

Korinek, Anton; Juelfs, Megan - National Bureau of Economic Research - 2022

This paper considers the labor market and distributional implications of a scenario of ever-more-intelligent autonomous machines that substitute for human labor and drive down wages. We lay out three concerns arising from such a scenario and evaluate recent predictions and objections to these...

Persistent link: https://www.econbiz.de/10013334391

Technology and Labor Displacement : Evidence from Linking Patents with Worker-Level Data

Kogan, Leonid; Papanikolaou, Dimitris; Schmidt, Lawrence; … - National Bureau of Economic Research - 2023

We develop measures of labor-saving and labor-augmenting technology exposure using textual analysis of patents and job tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent workers. While labor-saving technologies predict...

Persistent link: https://www.econbiz.de/10014436977

AI Adoption in America : Who, What, and Where

McElheran, Kristina; Li, J. Frank; Brynjolfsson, Erik; … - National Bureau of Economic Research - 2023

venture capital funding, recent product and process innovation, and growth-oriented business strategies. Early adoption was …

Persistent link: https://www.econbiz.de/10014421214

Economic Growth under Transformative AI

Trammell, Philip; Korinek, Anton - National Bureau of Economic Research - 2023

Industrialized countries have long seen relatively stable growth in output per capita and a stable labor share. AI may be transformative, in the sense that it may break one or both of these stylized facts. This review outlines the ways this may happen by placing several strands of the literature...

Persistent link: https://www.econbiz.de/10014421241

Economic Policy Challenges for the Age of AI

Korinek, Anton - National Bureau of Economic Research - 2024

This paper examines the profound challenges that transformative advances in AI towards Artificial General Intelligence (AGI) will pose for economists and economic policymakers. I examine how the Age of AI will revolutionize the basic structure of our economies by diminishing the role of labor,...

Persistent link: https://www.econbiz.de/10015072921