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Distorted Innovation : Does the Market Get the Direction of Technology Right?
Acemoglu, Daron - National Bureau of Economic Research - 2023
In the presence of markup differences, externalities and other social considerations, the equilibrium direction of innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing comparative static results and characterizes...
Persistent link: https://www.econbiz.de/10014226119
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The Rapid Adoption of Generative AI
Bick, Alexander; Blandin, Adam; Deming, David J. - National Bureau of Economic Research - 2024
Generative Artificial Intelligence (AI) is a potentially important new technology, but its impact on the economy depends on the speed and intensity of adoption. This paper reports results from the first nationally representative U.S. survey of generative AI adoption at work and at home. In...
Persistent link: https://www.econbiz.de/10015072907
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Measuring and Predicting "New Work" in the United States : The Role of Local Factors and Global Shocks
Kim, Gueyon; Merritt, Cassandra; Peri, Giovanni - National Bureau of Economic Research - 2024
The evolution of work is of emerging importance to advanced economies' growth. In this study, we develop a new semantic-distance-based algorithm to identify "new work," namely the new types of jobs introduced in the US. We characterize how "new work" relates to task content of jobs and skill...
Persistent link: https://www.econbiz.de/10014544803
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The Power of Proximity to Coworkers : Training for Tomorrow or Productivity Today?
Emanuel, Natalia; Harrington, Emma; Pallais, Amanda - National Bureau of Economic Research - 2023
Amidst the rise of remote work, we ask: what are the effects of proximity to coworkers? We find being near coworkers has tradeoffs: proximity increases long-run human capital development at the expense of short-term output. We study software engineers at a Fortune 500 firm, whose main campus has...
Persistent link: https://www.econbiz.de/10014437011
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Innovation Booms, Easy Financing, and Human Capital Accumulation
Hombert, Johan; Matray, Adrien - National Bureau of Economic Research - 2023
Innovation booms are often fueled by easy financing that allows new technology firms to pay high wages that attracts skilled labor. Using the late 1990s Information and Communication Technology (ICT) boom as a laboratory, we show that skilled labor joining this new sector experienced sizeable...
Persistent link: https://www.econbiz.de/10014447332
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Generational Conflict, Human Capital Accumulation, and Economic Growth
Holtz-Eakin, Douglas - 2000
education. We use an overlapping-generations model to investigate the effect of this demographic transition on the endogenous … determination of public spending for education. A demographic transition alters the identity of the median voter, leading to a … preference for less education spending. If the public sector is inefficiently small, demographic transition exacerbates the …
Persistent link: https://www.econbiz.de/10012470988
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Human Capital, Fertility, and Economic Growth
Becker, Gary S. - 1990
human capital increases, until the stock becomes large. This arises because the education sector uses human capital note …
Persistent link: https://www.econbiz.de/10012475617
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The Labor Market Impacts of Technological Change : From Unbridled Enthusiasm to Qualified Optimism to Vast Uncertainty
Autor, David H. - National Bureau of Economic Research - 2022
across four decades, encompassing four related but intellectually distinct paradigms, which I refer to as the education race …
Persistent link: https://www.econbiz.de/10013210102
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Scenarios for the Transition to AGI
Korinek, Anton; Suh, Donghyun - National Bureau of Economic Research - 2024
We analyze how output and wages behave under different scenarios for technological progress that may culminate in Artificial General Intelligence (AGI), defined as the ability of AI systems to perform all tasks that humans can perform. We assume that human work can be decomposed into atomistic...
Persistent link: https://www.econbiz.de/10014512109
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The Simple Macroeconomics of AI
Acemoglu, Daron - National Bureau of Economic Research - 2024
This paper evaluates claims about large macroeconomic implications of new advances in AI. It starts from a task-based model of AI's effects, working through automation and task complementarities. So long as AI's microeconomic effects are driven by cost savings/productivity improvements at the...
Persistent link: https://www.econbiz.de/10014544765