1 source filed · EN 1
Return to a year of schooling: down 0.55 log points in the top exposure quartile relative to the bottom, about 7.3% of the pre-shock return of 7.5 log points.
0.55 log pointsfall in the return to a year of schooling in the most AI-exposed occupations after ChatGPT's release
1 source filed · EN 1
AI mentions in full-time job ads spiked in 2024Q3, almost entirely the phrase "artificial intelligence" in tech roles; 95% of that spike came from employers changing wording, and it faded fast.
3.1 percentage pointrise in the share of job ads mentioning AI per standard deviation of LLM exposure
1 source filed · EN 1
Standardization lowers the match quality a firm will accept (Proposition 1).
about 8%Fall in relative wages at megafirms in the model once they raise standardization