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Productivity and Wages : What Was the Productivity-Wage Link in the Digital Revolution of the Past, and What Might Occur in the AI Revolution of the Future?

Lazear, Edward P.; Shaw, Kathryn; Hayes, Grant E.; … - National Bureau of Economic Research - 2022

Wages have been spreading out across workers over time - or in other words, the 90th/50th wage ratio has risen over time. A key question is, has the productivity distribution also spread out across worker skill levels over time? Using our calculations of productivity by skill level for the U.S.,...

Persistent link: https://www.econbiz.de/10013477226

Firm Investments in Artificial Intelligence Technologies and Changes in Workforce Composition

Babina, Tania; Fedyk, Anastassia; He, Alex Xi; Hodson, James - National Bureau of Economic Research - 2023

in middle-management and senior roles. Overall, our results highlight that adoption of AI technologies is associated with …

Persistent link: https://www.econbiz.de/10014322713

Management Practices, Workforce Selection and Productivity

Bender, Stefan - 2016

advanced management practices. Many of these practices - including monitoring, goal setting, and the use of incentives - are … unique data set that combines detailed survey data on the management practices of German manufacturing firms with … longitudinal earnings records for their employees to study the relationship between productivity, management, worker ability, and …

Persistent link: https://www.econbiz.de/10012456573

Polanyi's Paradox and the Shape of Employment Growth

Autor, David - 2014

In 1966, the philosopher Michael Polanyi observed, "We can know more than we can tell... The skill of a driver cannot be replaced by a thorough schooling in the theory of the motorcar; the knowledge I have of my own body differs altogether from the knowledge of its physiology." Polanyi's...

Persistent link: https://www.econbiz.de/10012458183

Artificial Intelligence and the Skill Premium

Bloom, David E.; Prettner, Klaus; Saadaoui, Jamel; … - National Bureau of Economic Research - 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/10014544709

Generative AI at Work

Brynjolfsson, Erik; Li, Danielle; Raymond, Lindsey R. - National Bureau of Economic Research - 2023

We study the staggered introduction of a generative AI-based conversational assistant using data from 5,179 customer support agents. Access to the tool increases productivity, as measured by issues resolved per hour, by 14 percent on average, with the greatest impact on novice and low-skilled...

Persistent link: https://www.econbiz.de/10014250178

Automation and the Workforce : A Firm-Level View from the 2019 Annual Business Survey

Acemoglu, Daron; Anderson, Gary; Beede, David Nathan; … - National Bureau of Economic Research - 2022

This paper describes the adoption of automation technologies by US firms across all economic sectors by leveraging a new module introduced in the 2019 Annual Business Survey, conducted by the US Census Bureau in partnership with the National Center for Science and Engineering Statistics (NCSES)....

Persistent link: https://www.econbiz.de/10013462707

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

Applying AI to Rebuild Middle Class Jobs

Autor, David H. - National Bureau of Economic Research - 2024

While the utopian vision of the current Information Age was that computerization would flatten economic hierarchies by democratizing information, the opposite has occurred. Information, it turns out, is merely an input into a more consequential economic function, decision-making, which is the...

Persistent link: https://www.econbiz.de/10014486232

Automation and the workforce : a firm-level view from the 2019 Annual Business Survey

Acemoglu, Daron; Anderson, Gary; Beede, David Nathan; … - 2022

Persistent link: https://www.econbiz.de/10013465373

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