If you would like to attend via Zoom please register here.
Date: 14.03.2024
Time: 5.15pm - 6.45pm. Refreshments served from 5.15pm.
Location: LSE Centre Buildling, Room 1.04 (CBG 1.04).
Join us to hear Marina M. Tavares, from the International Monetary Fund, present her paper "Gen-AI: Artificial Intelligence and the Future of Work". Marina will be joined by Sir Christopher Pissarides and David Zuluaga Martinez, and the event will be chaired by Kirsten Sehnbruch.
Gen-AI: Artificial Intelligence and the Future of Work
Artificial Intelligence (AI) has the potential to reshape the global economy, especially in the realm of labor markets. Advanced economies will experience the benefits and pitfalls of AI sooner than emerging market and developing economies, largely due to their employment structure focused on cognitive-intensive roles. There are some consistent patterns concerning AI exposure, with women and college-educated individuals more exposed but also better poised to reap AI benefits, and older workers potentially less able to adapt to the new technology. Labor income inequality may increase if the complementarity between AI and high-income workers is strong, while capital returns will increase wealth inequality. However, if productivity gains are sufficiently large, income levels could surge for most workers. In this evolving landscape, advanced economies and more developed emerging markets need to focus on upgrading regulatory frameworks and supporting labor reallocation, while safeguarding those adversely affected. Emerging market and developing economies should prioritize developing digital infrastructure and digital skills.
Authors: Mauro Cazzaniga, Florence Jaumotte, Longji Li, Giovanni Melina, Augustus J. Panton, Carlo Pizzinelli, Emma Rockall, and Marina M. Tavares
Speaker:
Marina M. Tavares is an Economist in the Climate Change Structural Reforms Division of the IMF’s Research Department. Before joining RES, Marina led the working group on the interconnections between macroeconomic policy and inequality under FCDO-IMF Collaboration. Her research interests include macroeconomics, labor markets, AI, climate change, gender, and inequality. Before joining the Fund, Ms. Tavares worked as an assistant professor at Instituto Tecnologico Autonomo de Mexico (ITAM), and she holds a Ph.D. in Economics from the University of Minnesota.
Discussants:
Sir Christopher Pissarides is Regius Professor of Economics at the London School of Economics, and Professor of European Studies at the University of Cyprus. His research focuses on macroeconomics, labour economics, economic growth, and economic policy. In 2010, along with Peter Diamond and Dale Mortensen, he received the Nobel Prize in Economics, "for their analysis of markets with theory of search frictions."
David Zuluaga Martinez is a Partner and member of the Public Sector practice at Boston Consulting Group. He is currently the team lead at the BCG Henderson Institute’s Tech & Business Lab, where he conducts research on artificial intelligence. David holds a BA in philosophy from Harvard College and a PhD in political theory from Princeton University.
Dr. Christopher Martin is Senior Associate General Counsel at The Boston Consulting Group, serving as global counsel for BCG X and BCG’s AI offerings. Chris also leads the legal support for BCG’s M&A activities in the technology space. BCG X unites tech builders, designers, and entrepreneurs with the world’s leading talent in AI, deep tech, digital growth, and sustainability. In his role Chris has shaped BCG’s Responsible AI approach and lead the global legal support for BCG’s AI projects and policies. Chris serves on BCG’s responsible AI council.
Chair:
Kirsten Sehnbruch is the acting Director of the International Inequalities Institute. She is a British Academy Global Professor and a Distinguished Policy Fellow at the International Inequalities Institute at the London School of Economics and Political Science. Previously, she was a Research Fellow at the Universidad de Chile, Director of the Institute for Public Policy at the Universidad Diego Portales (Chile), and a Lecturer at the University of California, at Berkeley. She is currently acting Director of the International Inequalities Institute.