Research on the Influencing Path of Skill Premium in the AI Era

Abstract

Abstract: As a new driving force in guiding China's high-quality economic development, AI and other new technologies also bring some important questions for us to answer, such as whether their application will lead to a rise in skill premium and affect labor income inequality. Based on the national floating population and urban cross-sectional data in 2018, this paper conducts an empirical study. The findings show that the intelligent technology has significantly enlarged the skill premium, in which the agglomeration economy and entrepreneurial activities are the main paths influencing skill premium. It is further found that there are group effects and selection effects in the influence of intelligent technology on skill premium. The skill bias of intelligent technology is more obvious in the groups with stable jobs, higher income, longer mobile time and outside-the-city movements. This means that in the era of artificial intelligence, the rational use of intelligent technology can give full play to the skill premium.

Key words: intelligent technology, skill premium, group effects, selection effects

CLC Number:

F244

LI Zhi-qiang, LIU Ying, WEI Lin. Research on the Influencing Path of Skill Premium in the AI Era[J]. Contemporary Finance & Economics, 2022, 0(7): 16-26.

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