The Impact of Artificial Intelligence on Labor Market: Evidence from China

Ruitao Li, Chuanxian Li and Shijun Guo ()
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Ruitao Li: Southwest University of Political Science and Law, Chongqing, China
Chuanxian Li: Southwest University of Political Science and Law, Chongqing, China
Shijun Guo: Chongqing University, Chongqing, China

The AMFITEATRU ECONOMIC journal, 2024, vol. 26, issue 67, 867

Abstract: The rapid advancement of artificial intelligence (AI) technology has been the driving force behind the new wave of technological revolution. In this study, we examine the impact of AI technology on corporate employment decisions. Using a sample of Chinese listed firms from 2012 to 2021, we find that AI technology applications have a positive influence on the total number of corporate employees. In addition, we find that this positive relationship is more pronounced in non-state-owned enterprises and in asset-light companies. Furthermore, our mechanism analysis indicates that AI technology has positive effects on corporate employment by increasing sales revenue and attenuating financial constraints. In general, our findings highlight the importance of AI technology to the labour market and have several implications for corporate employment decisions.

Keywords: Artificial intelligence; patents; labour market; employees (search for similar items in EconPapers)
JEL-codes: G3 J0 O3 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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