Economics of ChatGPT: A Labor Market View on the Occupational Impact of Artificial Intelligence

Ali Zarifhonarvar

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: This study examines how ChatGPT affects the labor market. I first thoroughly analyzed the prior research that has been done on the subject in order to start understanding how ChatGPT and other AI-related services are influencing the labor market. Using the supply and demand model, I then assess ChatGPT's impact. This paper examines this innovation's short- and long-term effects on the labor market, concentrating on its challenges and opportunities. Furthermore, I employ a text-mining approach to extract various tasks from the International Standard Occupation Classification to present a comprehensive list of occupations most sensitive to ChatGPT.

Keywords: Large Language Models; Artificial Intelligence; Automation; Labor Saving Technology; ChatGPT; Labor Market; Generative AI; Occupational Classification (search for similar items in EconPapers)
JEL-codes: E24 J21 J24 O33 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-big, nep-lma, nep-pay and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:268826

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