Computing & AI · the experiment
Put a price on experience
656,000 wage records, a shock dated November 2022, two prices of knowledge: one year of schooling, one year of practice. Four questions, from beginner to expert, on what generative AI changed in exposed jobs.
1 · Follow the career curve
Beginner
In exposed jobs, how did the pay for one more year of experience change?
2 · Work out what a year of schooling lost
Before November 2022, one more year of schooling raised pay by about 7.5% in exposed jobs. That bonus then falls by 0.55 points relative to sheltered jobs.
Intermediate
What share of its former value did the bonus for a year of schooling lose?
3 · Understand the false start
In one check, the authors rerun the analysis on data from 2018 to 2021, with a break dated January 2020, the start of the pandemic. They find no effect (−0.02).
Expert
What is this check for?
4 · Reconcile two studies
In Denmark, another study finds no effect of generative AI on workers' average earnings.
Expert
Does that result contradict this paper's?
Knowledge repriced
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