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Lee, Jungmin - 2011

work declined discretely. The economy-wide drops in market work were reallocated solely to leisure and personal maintenance …

Persistent link: https://www.econbiz.de/10012461009

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

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

New Technologies and Jobs in Europe

Albanesi, Stefania; Silva, António Dias da; Jimeno, Juan F. - National Bureau of Economic Research - 2023

We examine the link between labour market developments and new technologies such as artificial intelligence (AI) and software in 16 European countries over the period 2011- 2019. Using data for occupations at the 3-digit level in Europe, we find that on average employment shares have increased...

Persistent link: https://www.econbiz.de/10014322745

Robots and Workers : Evidence from the Netherlands

Acemoglu, Daron; Koster, Hans; Ozgen, Ceren - National Bureau of Economic Research - 2023

We estimate the effects of robot adoption on firm-level and worker-level outcomes in the Netherlands using a large employer-employee panel dataset spanning 2009-2020. Our firm-level results confirm previous findings, with positive effects on value added and hours worked for robot-adopting firms...

Persistent link: https://www.econbiz.de/10014247929

Unemployment, Market Work and Household Production

Burda, Michael - 2009

additional leisure and personal maintenance, not in increased household production. There is no relation between unemployment … duration and the split of time between household production and leisure. U.S. data for 2003-2006 show that almost none of the …

Persistent link: https://www.econbiz.de/10012463971

Time to Eat : Household Production Under Increasing Income Inequality

Hamermesh, Daniel S. - 2006

Eating requires the food materials that make up meals and also time devoted to buying food, preparing meals and eating them, and cleaning up afterwards. Using time-diary and expenditure data for the U.S. for 1985 and 2003, I examine how income and time prices affect time and goods input into...

Persistent link: https://www.econbiz.de/10012466669

Families, Labor Markets, and Policy

Albanesi, Stefania; Olivetti, Claudia; Petrongolo, Barbara - National Bureau of Economic Research - 2022

Using comparable data for 24 countries since the 1970s, we document gender convergence in schooling, employment and earnings, marriage delay and the accompanying decline in fertility, and the large remaining gaps in labor market outcomes, especially among parents. A model of time allocation...

Persistent link: https://www.econbiz.de/10013462733

Time Use and Macroeconomic Uncertainty

Cacciatore, Matteo; Hauser, Daniela; Gnocchi, Stefano - National Bureau of Economic Research - 2023

Time Use Survey and the Bureau of Labor Statistics, we document that heightened uncertainty increases housework and reduces … market work hours, mildly impacting leisure. We then propose a model that quantitatively accounts for these estimates. We … show that substitution between market and housework provides self-insurance to households, weakening precautionary savings …

Persistent link: https://www.econbiz.de/10014447275

Meritocracy across Countries

Bandiera, Oriana; Kotia, Ananya; Lindenlaub, Ilse; … - National Bureau of Economic Research - 2024

Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on skills rather than idiosyncratic attributes unrelated to productivity? If so, why? And what are the aggregate consequences? Using internationally comparable data on worker skills and...

Persistent link: https://www.econbiz.de/10014528414