@TechReport{iza:izadps:dp16972,
            	author={Bloom, David E. and Prettner, Klaus and Saadaoui, Jamel and Veruete, Mario},
            	title={Artificial Intelligence and the Skill Premium},
            	year={2024},
	month={May},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={16972},
            	url={https://www.iza.org/publications/dp16972},
	abstract={How will the emergence of ChatGPT and other forms of artificial intelligence (AI) affect the skill premium? To address this question, we propose a nested constant elasticity of substitution production function that distinguishes among three types of capital: traditional physical capital (machines, assembly lines), industrial robots, and AI. Following the literature, we assume that industrial robots predominantly substitute for low-skill workers, whereas AI mainly helps to perform the tasks of high-skill workers. We show that AI reduces the skill premium as long as it is more substitutable for high-skill workers than low-skill workers are for high-skill workers.},
	keywords={automation;artificial intelligence;ChatGPT;skill premium;wages;productivity},
            }