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Most definitions of algorithmic bias and fairness encode decisionmaker interests, such as profits, rather than the interests of disadvantaged groups (e.g., racial minorities): Bias is defined as a deviation from profit maximization. Future research should instead focus on the causal effect of...
Persistent link: https://www.econbiz.de/10014520756
The interplay between labour institutions and the adoption of automation technologies remains poorly understood … conditional correlations between the presence of employee representation (ER) and the use of automation technologies. We find that … management. Greater automation in establishments with ER does not seem to result from more adversarial employment relationships …
Persistent link: https://www.econbiz.de/10012304887
Theory predicts that global economic growth will stagnate and even come to an end due to slower and eventually negative growth in population. It has been claimed, however, that Artificial Intelligence (AI) may counter this and even cause an economic growth explosion. In this paper, we critically...
Persistent link: https://www.econbiz.de/10014464111
How will the emergence of ChatGPT and other forms of artificial intelligence (AI) affect the skill premium? To address this question, we propose a nested constant elasticity of substitution production function that distinguishes among three types of capital: traditional physical capital...
Persistent link: https://www.econbiz.de/10014529725
reduce labor demand in high skilled occupations previously considered "safe" from automation. While initial studies suggest … that individuals adjust their educational and career choices to mitigate automation risk, it is unknown what people would … be willing to pay for a reduced automation risk. This study quantifies this value by assessing individuals' preferences …
Persistent link: https://www.econbiz.de/10014580149
Using the entire population of USPTO patent applications published between 2002 and 2019, and leveraging on both patent classification and semantic analysis, this paper aims to map the current knowledge base centred on robotics and AI technologies. These technologies are investigated both as a...
Persistent link: https://www.econbiz.de/10012805445
humans can be productively employed. Recent technological change has been biased towards automation, with insufficient focus … tendency is to develop AI in the direction of further automation, but this might mean missing out on the promise of the "right …
Persistent link: https://www.econbiz.de/10012001438
trading off individual gains and losses. (iv) AI requires democratic control of algorithms, data, and computational … decision-making, and (v) automation and the impact of AI on the labor market and on wage inequality. …
Persistent link: https://www.econbiz.de/10014524980
defendants under the age of 23. In the context of contentious public discussions about algorithms, our results highlight the …
Persistent link: https://www.econbiz.de/10012149079
How do firms respond to technological advances that facilitate the automation of tasks? Which tasks will they automate …
Persistent link: https://www.econbiz.de/10010478513