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The economics of artificial intelligence : an agenda
Agrawal, Ajay (ed.); Gans, Joshua (ed.); Goldfarb, Avi (ed.) - NBER Conference on the Economics of Artificial …; … - 2019
-- 7. Artificial Intelligence, Income, Employment, and Meaning / Betsey Stevenson -- 8. Artificial Intelligence, Automation … / James Bessen -- 11. Public Policy in an AI Economy / Austan Goolsbee -- 12. Should We Be Reassured If Automation in the … Future Looks Like Automation in the Past? / Jason Furman -- 13. R&amp -- D, Structural Transformation, and the Distribution …
Persistent link: https://www.econbiz.de/10013173775
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The economics of artificial intelligence : an agenda
Agrawal, Ajay (ed.); Gans, Joshua (ed.); Goldfarb, Avi (ed.) - NBER Conference on the Economics of Artificial …; … - 2019
Persistent link: https://www.econbiz.de/10011904305
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Learning from Ricardo and Thompson : Machinery and Labor in the Early Industrial Revolution, and in the Age of AI
Acemoglu, Daron; Johnson, Simon - National Bureau of Economic Research - 2024
automation in the textile industry. Despite cotton textiles becoming one of the largest sectors in the British economy, real … wages for cotton weavers did not rise for decades. As E.P. Thompson emphasized, automation forced workers into unhealthy … factories with close surveillance and little autonomy. Automation can increase wages, but only when accompanied by new tasks …
Persistent link: https://www.econbiz.de/10014544695
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Simulating Endogenous Global Automation
Benzell, Seth G.; Kotlikoff, Laurence J.; LaGarda, Guillermo - National Bureau of Economic Research - 2021
evaluate the global consequences of automation. Automation, modeled as capital- and high-skill biased technological change, is … a range of foundational models of automation. In our baseline scenario, automation has a moderate effect on regional … of the advanced technology and providing universal basic income to share gains from automation. The former policy can …
Persistent link: https://www.econbiz.de/10012629440
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Could Machine Learning be a General Purpose Technology? A Comparison of Emerging Technologies Using Data from Online Job Postings
Goldfarb, Avi; Taska, Bledi; Teodoridis, Florenta - National Bureau of Economic Research - 2022
General purpose technologies (GPTs) push out the production possibility frontier and are of strategic importance to managers and policymakers. While theoretical models that explain the characteristics, benefits, and approaches to create and capture value from GPTs have advanced significantly,...
Persistent link: https://www.econbiz.de/10012938736
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AI Adoption and System-Wide Change
Agrawal, Ajay; Gans, Joshua; Goldfarb, Avi - National Bureau of Economic Research - 2021
Analyses of AI adoption focus on its adoption at the individual task level. What has received significantly less attention is how AI adoption is shaped by the fact that organisations are composed of many interacting tasks. AI adoption may, therefore, require system-wide change which is both a...
Persistent link: https://www.econbiz.de/10012533360
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The Impact of Artificial Intelligence on Innovation
Cockburn, Iain M. - 2018
the organization of R&D. We distinguish between automation-oriented applications such as robotics and the potential for …
Persistent link: https://www.econbiz.de/10012453265
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AI as the next GPT : a Political-Economy Perspective
Trajtenberg, Manuel - 2018
History suggests that dismal prophecies regarding the impact of great technological advances rarely come to pass. Yet, as many occupations will indeed vanish with the advent of AI as the new General Purpose Technology (GPT), we should search for ways to ameliorate the detrimental effects of AI,...
Persistent link: https://www.econbiz.de/10012453469
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Artificial Intelligence and the Modern Productivity Paradox : A Clash of Expectations and Statistics
Brynjolfsson, Erik - 2017
We live in an age of paradox. Systems using artificial intelligence match or surpass human level performance in more and more domains, leveraging rapid advances in other technologies and driving soaring stock prices. Yet measured productivity growth has declined by half over the past decade, and...
Persistent link: https://www.econbiz.de/10012453713
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Robots Are Us : Some Economics of Human Replacement
Benzell, Seth G. - 2015
Will smart machines replace humans like the internal combustion engine replaced horses? If so, can putting people out of work, or at least out of good work, also put the economy out of business? Our model says yes. Under the right conditions, more supply produces, over time, less demand as the...
Persistent link: https://www.econbiz.de/10012457725