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ARTIFICIAL INTELLIGENCE AND HUMAN JOBS

Published online by Cambridge University Press:  03 November 2020

Chia-Hui Lu
Chia-Hui Lu*
Affiliation:
National Taipei University
*
Address correspondence to: Chia-Hui Lu, Department of Economics, National Taipei University, 151, University Rd., San-Shia, 23741 New Taipei, Taiwan. e-mails: chiahuilu.chlu@gmail.com, chlu@mail.ntpu.edu.tw. Phone: (886-2)86741111 ext. 67166. Fax: (886-2)26739880.
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Abstract

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The development of artificial intelligence (AI) does influence human jobs but not necessarily in a negative way. Although labor force participation rates and firms’ job vacancies for human labor decline, the unemployment rate may be lower than that in an economy without AI. In an economy with heterogeneously skilled workers, the invention of AI usually has a negative effect on the skilled labor market but a positive effect on the unskilled labor market. The overall unemployment rate may decline as AI develops.

Keywords

Artificial IntelligenceSearch and MatchingUnemployment

Information

Type
Articles
Information
Macroeconomic Dynamics , Volume 26 , Issue 5 , July 2022, pp. 1162 - 1201
Copyright
© Cambridge University Press 2020

Footnotes

This study was funded by the Ministry of Science and Technology of Taiwan (grant number MOST 107-2628-H-305-003-MY3).

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