Working Paper: NBER ID: w24653
Authors: Austan Goolsbee
Abstract: This paper considers the role of policy in an AI-intensive economy (interpreting AI broadly). It emphasizes the speed of adoption of the technology for the impact on the job market and the implications for inequality across people and across places. It also discusses the challenges of enacting a Universal Basic Income as a response to widespread AI adoption, discuss pricing, privacy and competition policy the question of whether AI could improve policy making itself.
Keywords: AI; universal basic income; job market; inequality; policy
JEL Codes: H0; L16; O3
Edges that are evidenced by causal inference methods are in orange, and the rest are in light blue.
| Cause | Effect |
|---|---|
| rapid AI adoption (C45) | significant job displacement (J63) |
| significant job displacement (J63) | structural unemployment remains low (J64) |
| technological advancement (O33) | job creation in new sectors (O29) |
| AI quality (C45) | income and geographic inequality (D31) |
| UBI implementation (H53) | labor market participation among low-wage earners (J29) |