The third chapter estimates negative average effects of a Swiss job search programme for unemployed persons. Those who are send to the job search programme are significantly less likely to find a job quickly than comparable unemployed persons who do not participate in such a programme. Recent...

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...

Empirical evaluations of national minimum wages, such as in Germany or the UK, rely on bite measures that capture treatment variation; measured from the incidence (or intensity) of employees paid below the threshold before the minimum wage was introduced or raised. Bite-dependent estimations...

Intro -- Contents -- Acknowledgments -- Introduction / Ajay Agrawal, Joshua Gans, and Avi Goldfarb -- I. AI as a GPT -- 1. Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics / Erik Brynjolfsson, Daniel Rock, and Chad Syverson, Comment: Rebecca...