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Miracle or Myth? Assessing the macroeconomic productivity gains from Artificial Intelligence

https://d.repec.org/n?u=RePEc:oec:comaaa:29-en&r=&r=ain

Published: November 22, 2024 00:00

The paper studies the expected macroeconomic productivity gains from Artificial Intelligence (AI) over a 10-year horizon. It builds a novel micro-to-macro framework by combining existing estimates of micro-level performance gains with evidence on the…

New Technologies and Jobs in Europe

https://d.repec.org/n?u=RePEc:fip:fedmoi:99164&r=&r=ain

Published: November 18, 2024 00:00

We examine the link between labour market developments and new technologies such as artificial intelligence (AI) and software in 16 European countries over the period 2011-2019. Using data for occupations at the 3-digit level, we find that on average…

The Hidden Effects of Algorithmic Recommendations

https://d.repec.org/n?u=RePEc:fip:fedmoi:99090&r=&r=ain

Published: November 14, 2024 00:00

Algorithms are intended to improve human decisions with data-driven predictions. However, algorithms provide more than just predictions to decision-makers—they often provide explicit recommendations. In this paper, I demonstrate these algorithmic…

Not all twins are identical: the digital layer of “twin” transition market applications

https://d.repec.org/n?u=RePEc:hhs:lucirc:2024_016&r=&r=ain

Published: November 13, 2024 00:00

A twin (a joint green and digital) transition aims to facilitate achieving the Green Deal goals. The interplay between regional capabilities and twin transition market applications remains understudied. This research utilizes Large Language Models to…

Artificial Intelligence, Hiring and Employment: Job Postings Evidence from Sweden

https://d.repec.org/n?u=RePEc:hhs:ratioi:0380&r=&r=ain

Published: November 8, 2024 00:00

This paper investigates the impact of artificial intelligence (AI) on hiring and employment, using the universe of job postings published by the Swedish Public Employment Service from 2014-2022 and universal register data for Sweden. We construct a…

Teaming Up with Artificial Agents in Non-routine Analytical Tasks

https://d.repec.org/n?u=RePEc:pie:dsedps:2024/314&r=&r=ain

Published: November 1, 2024 00:00

Using a real-life escape room scenario, we investigate how different levels of embodiment in artificial agents influence team performance and conversational dynamics in non-routine analytical tasks. Teams composed of either three humans or two humans and…

The Rise of AI Pricing: Trends, Driving Forces, and Implications for Firm Performance

https://d.repec.org/n?u=RePEc:fip:fedfwp:99052&r=&r=ain

Published: November 1, 2024 00:00

We document key stylized facts about the time-series trends and cross-sectional distributions of AI pricing and study its implications for firm performance, both on average and conditional on monetary policy shocks. We use the universe of online job…

Crowdfunding Success: Human Insights vs Algorithmic Textual Extraction

https://d.repec.org/n?u=RePEc:pie:dsedps:2024/315&r=&r=ain

Published: November 1, 2024 00:00

Using a unique dataset of equity offerings from crowdfunding platforms, we explore the synergy between human insights and algorithmic analysis in evaluating campaign success through business plan assessments. Human evaluators (students) used a predefined…

Who will be the workers most affected by AI?: A closer look at the impact of AI on women, low-skilled workers and other groups

https://d.repec.org/n?u=RePEc:oec:comaaa:26-en&r=&r=ain

Published: October 31, 2024 00:00

This paper examines how different socio-demographic groups experience AI at work. As AI can automate non-routine, cognitive tasks, tertiary-educated workers in “white-collar” occupations will likely face disruption, even if empirical analysis does not…