On the Impacts of Generative Artificial Intelligence

Antti Kauhanen, Mika Pajarinen and Petri Rouvinen

No 128, ETLA Brief from The Research Institute of the Finnish Economy

Abstract: 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.

Keywords: Generative artificial intelligence; Technological change; Employment; Labor market; Occupations (search for similar items in EconPapers)
JEL-codes: E24 J21 O33 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2023-10-25
New Economics Papers: this item is included in nep-ain and nep-cmp
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