Robert Gordons Hypothese der schwächelnden Innovationen und der Gegenwinde ist ein interessanter Erklärungsansatz für das Phänomen der niedrigen Produktivitäts- und Wirtschaftswachstumsraten in den entwickelten Volkswirtschaften. Die Verlangsamung des Wirtschaftswachstums und der...

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...

The exodus of Soviet Jews to Israel in the 1990s was a unique event. The extraordinary experience of Israel, which has received migrants from the Former Soviet Union (FSU) at the rate of 17 percent of its population, within a short time, is also relevant for the current debate about migration...

The exodus of Soviet Jews to Israel in the 1990s was a unique event. The extraordinary experience of Israel, which has received migrants from the Former Soviet Union (FSU) at the rate of 17 percent of its population, within a short time, is also relevant for the current debate about migration...

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...

Recent studies warn that the U.S. economy may return to a phase of secular stagnation. In the next 20 to 50 years, U.S. economic growth will be negatively affected by lower contributions of hours worked and education. But some studies also add that productivity could decelerate sharply and that...

This paper presents evidence suggesting that the relationship between income and economic structure is shifting over time, with countries across the income distribution uniformly increasing the share of labor in service sectors and an increasingly less stark relationship between manufacturing...