- Large Language Models, Small Labor Market Effects | NBER
We examine the labor market effects of AI chatbots using two large-scale adoption surveys (late 2023 and 2024) covering 11 exposed occupations (25,000 workers, 7,000 workplaces), linked to matched employer-employee data in Denmark AI chatbots are now widespread—most employers encourage their use
- Time saved by AI offset by new work created, study suggests
In "Large Language Models, Small Labor Market Effects," economists Anders Humlum and Emilie Vestergaard focused specifically on the impact of AI chatbots across 11 occupations often considered
- Time saved with AI creates more work elsewhere – FlowingData
Benj Edwards reporting for Ars Techinca: In “Large Language Models, Small Labor Market Effects,” economists Anders Humlum and Emilie Vestergaard focused specifically on the impact of AI chatbots across 11 occupations often considered vulnerable to automation, including accountants, software developers, and customer support specialists
- Large Language Models, Small Labor Market Effects [pdf . . .
But it does show that some of the randomized-controlled-trials that showed large labor-force impact and productivity gains are probably only applicable to a small sub-section of the work-force It also looks like the second survey was sent out in June 2024 - so the data is 10 months old at this point, another reason why this it might be early
- The Impact of Large Language Models on the Labor Market . . .
This is particular in the realm of large language models like OpenAI’s Generative pre-trained transformers, or GPTs for short, due to their use being accepted by the wider public early on Models from OpenAI, Google, and Meta have begun to scale across multiple domains, and have sparked widespread interest and speculation about the potential
- GPTs are GPTs: An Early Look at the Labor Market Impact . . .
Equilibrium effects of GPTs are hard to forecast Broad exposure of current work to LLM capabilities Higher wage work appears to be more exposed to potential productivity gains Exposure does not translate 1:1 to labor automation or decreased labor demand Reason to expect many jobs to change and new jobs to emerge Future research
- Labor Market Signals: The Role of Large Language Models
T1 - Labor Market Signals: The Role of Large Language Models AU - Abbas Nejad, Kian AU - Musillo, Giuseppe AU - Wicker, Till AU - Zaccaria, Niccolò N1 - CentER Discussion Paper Nr 2025-003 PY - 2025 3 18 Y1 - 2025 3 18 N2 - Large Language Models (LLMs) have the potential to transform the labor market, including hiring
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