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Artificial Intelligence is set to influence every aspect of our lives, not least the way production is organized. AI, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which humans can be productively employed. Recent technological...
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tasks, we show that robots may reduce employment and wages, and that the local labor market effects of robots can be … estimated by regressing the change in employment and wages on the exposure to robots in each local labor market--defined from … the national penetration of robots into each industry and the local distribution of employment across industries. Using …
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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...
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We document substantial within-country (cross-municipality) differences in incomes for a large number of countries in the Americas. A significant fraction of the within-country differences cannot be explained by observed human capital. We conjecture that the sources of within-country and...
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employment in high skill and low skill occupations relative to middle skilled occupations (i.e., job 'polarization'); (4) rapid … for analyzing how recent changes in the earnings and employment distribution in the United States and other advanced …
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