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Nowcasting business cycles using toll data
Askitas, Nikos; Zimmermann, Klaus F. - 2011
Nowcasting has been a challenge in the recent economic crisis. We introduce the Toll Index, a new monthly indicator for business cycle forecasting and demonstrate its relevance using German data. The index measures the monthly transportation activity performed by heavy transport vehicles across...
Persistent link: https://www.econbiz.de/10010278651
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Nowcasting Business Cycles Using Toll Data
Askitas, Nikos; Zimmermann, Klaus F. - Institute for the Study of Labor (IZA) - 2011
Nowcasting has been a challenge in the recent economic crisis. We introduce the Toll Index, a new monthly indicator for business cycle forecasting and demonstrate its relevance using German data. The index measures the monthly transportation activity performed by heavy transport vehicles across...
Persistent link: https://www.econbiz.de/10008854242
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The Wrong Kind of AI? Artificial Intelligence and the Future of Labor Demand
Acemoglu, Daron; Restrepo, Pascual - 2019
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/10012005993
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Artificial Intelligence and the Discovery of New Ideas: Is an Economic Growth Explosion Imminent?
Almeida, Derick; Naudé, Wim; Sequeira, Tiago Neves - 2024
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/10014533949
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Artificial Intelligence and the Skill Premium
Bloom, David E.; Prettner, Klaus; Saadaoui, Jamel; … - 2024
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/10014567540
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Robots and Worker Voice: An Empirical Exploration
Belloc, Filippo; Burdin, Gabriel; Landini, Fabio - 2020
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/10012322598
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How Scary Is the Risk of Automation? Evidence from a Large Scale Survey Experiment
Cattaneo, Maria Alejandra; Gschwendt, Christian; … - 2024
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/10015045429
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The Political Economy of AI: Towards Democratic Control of the Means of Prediction
Kasy, Maximilian - 2024
decision-making, and (v) automation and the impact of AI on the labor market and on wage inequality. …
Persistent link: https://www.econbiz.de/10014533823
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New Digital Technologies and Heterogeneous Employment and Wage Dynamics in the United States: Evidence from Individual-Level Data
Fossen, Frank M.; Sorgner, Alina - 2019
We investigate heterogeneous effects of new digital technologies on the individual-level employment- and wage dynamics in the U.S. labor market in the period from 2011-2018. We employ three measures that reflect different aspects of impacts of new digital technologies on occupations. The first...
Persistent link: https://www.econbiz.de/10012005943
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The Impact of Artificial Intelligence on Labor Markets in Developing Countries: A New Method with an Illustration for Lao PDR and Viet Nam
Carbonero, Francesco; Davies, Jeremy; Ernst, Ekkehard; … - 2021
AI is transforming labor markets around the world. Existing research has focused on advanced economies but has neglected developing economies. Different impacts of AI on labor markets in different countries arise not only from heterogeneous occupational structures, but also from the fact that...
Persistent link: https://www.econbiz.de/10012882520