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On the Impacts of Generative Artificial Intelligence

Author

Listed:
  • Kauhanen, Antti
  • Pajarinen, Mika
  • Rouvinen, Petri

Abstract

Some one-fifth of Finnish employment is in occupations with at least half of tasks exposed to generative artificial intelligence. A relatively large share of occupations has at least some exposure, but few occupations have high exposures. Contrary to prior technological discontinuities, in the case of generative artificial intelligence the labor market elite is relatively more exposed. As far as the Finnish labor market is concerned, the effect of generative artificial intelligence is ambiguous – and quite possibly positive. Regardless, employees are faced with a sizable change, which is best addressed head-on, i.e., by experimenting with and deploying generative artificial intelligence as soon as possible. Our observations are based on a replication of the US analysis by Eloundou et al. (2023) in the context of Finland. This brief kicks off a research project conducted by ETLA and supported by the TT foundation.

Suggested Citation

  • Kauhanen, Antti & Pajarinen, Mika & Rouvinen, Petri, 2023. "On the Impacts of Generative Artificial Intelligence," ETLA Brief 128, The Research Institute of the Finnish Economy.
    • Handle: RePEc:rif:briefs:128
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    More about this item

    Keywords

    Generative artificial intelligence; Technological change; Employment; Labor market; Occupations;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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