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The search model contains two matching technologies, the public employment service (PES) with its type-specific registers for workers and vacancies, and the search market where firms advertise vacancies and unemployed who have not been placed by the PES search for jobs. The placement activity of...
Persistent link: https://www.econbiz.de/10010509352
Machine learning (ML) is mostly a predictive enterprise, while the questions of interest to labor economists are mostly causal. In pursuit of causal effects, however, ML may be useful for automated selection of ordinary least squares (OLS) control variables. We illustrate the utility of ML for...
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Machine learning (ML) is mostly a predictive enterprise, while the questions of interest to labor economists are mostly causal. In pursuit of causal effects, however, ML may be useful for automated selection of ordinary least squares (OLS) control variables. We illustrate the utility of ML for...
Persistent link: https://www.econbiz.de/10012480528
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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...
Persistent link: https://www.econbiz.de/10013337713
We provide a partial equilibrium model wherein AI provides abilities combined with human skills to provide an aggregate intermediate service good. We use the model to find that the extent of automation through AI will be greater if (a) the economy is relatively abundant in sophisticated programs...
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