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For emerging professions, such as jobs in the fi eld of artifi cial intelligence (AI) or sustainability (green), labour … started so-called 'skill-based hiring' for AI and green roles, as more fl exible hiring practices allow them to increase the … available talent pool. In our observation period the demand for AI roles grew twice as much as average labour demand. At the …
Persistent link: https://www.econbiz.de/10014528911
This chapter discusses the regulation of artificial intelligence (AI) from the vantage point of political economy …, based on the following premises: (i) AI systems maximize a single, measurable objective. (ii) In society, different … individuals have different objectives. AI systems generate winners and losers. (iii) Society-level assessments of AI require …
Persistent link: https://www.econbiz.de/10014533823
Most definitions of algorithmic bias and fairness encode decisionmaker interests, such as profits, rather than the interests of disadvantaged groups (e.g., racial minorities): Bias is defined as a deviation from profit maximization. Future research should instead focus on the causal effect of...
Persistent link: https://www.econbiz.de/10014533924
This paper examines the implications of Artificial Intelligence (AI) and automation for the taxation of labor and … posed by AI and automation may also be better addressed through regulatory measures rather than tax policy. …
Persistent link: https://www.econbiz.de/10014534311
Is technology or trade driving increases in wage inequality? We propose that technology interacts with trade in the form of foreign direct investments to widen domestic wage inequality. We show that foreign acquisitions of domestic firms disproportionately affect wages for workers who perform...
Persistent link: https://www.econbiz.de/10014542133
Predictive AI is increasingly used to guide decisions on agents. I show that even a bias-neutral predictive AI can … potentially amplify exogenous (human) bias in settings where the predictive AI represents a cost-adjusted precision gain to … increase in aggregate discrimination is possible if this effect dominates. Not accounting for this mechanism may result in AI …
Persistent link: https://www.econbiz.de/10014563942
experimental economics, complementing the growth of online experiments and the emerging AI revolution. We characterize the …
Persistent link: https://www.econbiz.de/10014566222
We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing Asia. In particular, we analyze the impacts of...
Persistent link: https://www.econbiz.de/10012196404
Since 2017 the automotive industry has developed a high demand for ground truth data. Without this data, the ambitious goal of producing fully autonomous vehicles will remain out of reach. The self-driving car depends on self-learning algorithms, which in turn have to undergo a lot of supervised...
Persistent link: https://www.econbiz.de/10012205120
technological innovation. This briefing refocuses attention from the techno-ethical challenges of AI to artificial decision … view the delegation is more relevant than the actual ethical problems of AI systems; (b) instead of traditional responsible … AI approaches focusing on accountability, responsibility and transparency (ART) we should direct our attention to …
Persistent link: https://www.econbiz.de/10012214202