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Polanyi's Paradox and the Shape of Employment Growth

Autor, David H. - 2014

robotics should shape our thinking about the likely trajectory of occupational change and employment growth. A key observation …

Persistent link: https://www.econbiz.de/10013047399

Selecting Directors Using Machine Learning

Erel, Isil - 2018

Can algorithms assist firms in their decisions on nominating corporate directors? We construct algorithms to make out-of-sample predictions of director performance. Tests of the quality of these predictions show that directors predicted to do poorly indeed do poorly compared to a realistic pool...

Persistent link: https://www.econbiz.de/10012923716

The Promise and Pitfalls of Conflict Prediction : Evidence from Colombia and Indonesia

Bazzi, Samuel - 2019

Policymakers can take actions to prevent local conflict before it begins, if such violence can be accurately predicted. We examine the two countries with the richest available sub-national data: Colombia and Indonesia. We assemble two decades of fine-grained violence data by type, alongside...

Persistent link: https://www.econbiz.de/10012867902

Artificial Intelligence and Consumer Privacy

Jin, Ginger Zhe - 2018

Thanks to big data, artificial intelligence (AI) has spurred exciting innovations. In the meantime, AI and big data are reshaping the risk in consumer privacy and data security. In this essay, I first define the nature of the problem and then present a few facts about the ongoing risk. The bulk...

Persistent link: https://www.econbiz.de/10012928998

Combining Family History and Machine Learning to Link Historical Records

Price, Joseph - 2019

A key challenge for research on many questions in the social sciences is that it is difficult to link historical records in a way that allows investigators to observe people at different points in their life or across generations. In this paper, we develop a new approach that relies on millions...

Persistent link: https://www.econbiz.de/10012863272

Belief Distortions and Macroeconomic Fluctuations

Bianchi, Francesco; Ludvigson, Sydney C.; Ma, Sai - 2022

This paper combines a data rich environment with a machine learning algorithm to provide new estimates of time-varying systematic expectational errors ("belief distortions") embedded in survey responses. We find that distortions are large even for professional forecasters, with all...

Persistent link: https://www.econbiz.de/10014095817

Ai, Labor, Productivity and the Need for Firm-Level Data

Seamans, Robert - 2018

We summarize existing empirical findings regarding the adoption of robotics and AI and its effects on aggregated labor … conditions under which robotics and AI complement or are substituting for labor. Further, firm-level data would also allow for …

Persistent link: https://www.econbiz.de/10012929542

Robots are Us : Some Economics of Human Replacement

Benzell, Seth - 2015

Will smart machines do to humans what the internal combustion engine did to horses – make them obsolete? If so, can putting people out of work or, at least, good work leave them unable to buy what smart machines produce? Our model's answer is yes. Over time and under the right conditions,...

Persistent link: https://www.econbiz.de/10013028067

Demographics and Automation

Acemoglu, Daron - 2018

We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular … older to middle-aged workers—is associated with greater adoption of robots and other automation technologies across … countries and with more robotics-related activities across US commuting zones. We also provide evidence of more rapid …

Persistent link: https://www.econbiz.de/10012924461

Artificial Intelligence, Automation and Work

Acemoglu, Daron - 2018

We summarize a framework for the study of the implications of automation and AI on the demand for labor, wages, and … employment. Our task-based framework emphasizes the displacement effect that automation creates as machines and AI replace labor … counteracted by a productivity effect, resulting from the cost savings generated by automation, which increase the demand for labor …

Persistent link: https://www.econbiz.de/10012930347

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