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We examine the impact of Articial Intelligence (AI) on productivity in the context of taxi drivers. The AI we study … improves drivers' productivity by shortening the cruising time, and such gain is accrued only to low-skilled drivers, narrowing … the productivity gap between high- and low-skilled drivers by 14%. The result indicates that AI's impact on human labor is …
Persistent link: https://www.econbiz.de/10013433210
This paper examines the relationship between firm multifactor productivity growth (mfp) and changing skill levels of …
Persistent link: https://www.econbiz.de/10011388032
We provide first evidence of the impact of over-education, among natives and immigrants, on firm-level productivity and … higher for natives than for immigrants. However, since the differential in productivity gains associated with over …
Persistent link: https://www.econbiz.de/10012879761
, R&D investments, and productivity across 12 OECD economies and 17 manufacturing and service industries. Much of the … positive relationship between those cognitive skills and the labour productivity in a country-sector combination. The part of … the cross-country cross-sector variation in labour productivity that can be explained by human capital is remarkably large …
Persistent link: https://www.econbiz.de/10011595984
productivity varies across working environments. Using detailed Belgian linked employer-employee panel data for 1999-2010, they … find the existence of a significant, positive (negative) impact of over- (under-)education on firm productivity. Moreover …, their results show that the effect of over-education on productivity is stronger among firms: (i) with a higher share of …
Persistent link: https://www.econbiz.de/10010488878
-adjusted index of labor services. We find that Total Factor Productivity (TFP) growth decreases significantly when using the latter … method. This means that when using the alternative method one explains more of the growth in labor productivity than what a …
Persistent link: https://www.econbiz.de/10003975612
We provide first evidence regarding the direct impact of educational mismatch on firm productivity. To do so, we rely … productivity, we find that: i) a higher level of required education exerts a significantly positive influence on firm productivity …, ii) additional years of over-education (both among young and older workers) are beneficial for firm productivity, and iii …
Persistent link: https://www.econbiz.de/10009681374
frictions entails wage compression, larger productivity gain than wage growth to skill acquisition, and motivates a firm to … temporary help service firm that records both workers' wages and their productivity as measured by the fees charged to client …-by-doing increases productivity more than wages. …
Persistent link: https://www.econbiz.de/10013209297
In a seminal paper, Camerer, Babcock, Loewenstein, and Thaler (1997) find that the wage elasticity of daily hours of work New York City (NYC) taxi drivers is negative and conclude that their labor supply behavior is consistent with target earning (having reference dependent preferences). I...
Persistent link: https://www.econbiz.de/10010417960
Virtually all public policies regarding taxation and the redistribution of income rely on explicit or implicit assumptions about the long run effect of wage rates on labor supply. The available estimates of the wage elasticity of male labor supply in the literature have varied between -0.2 and...
Persistent link: https://www.econbiz.de/10003942237