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Public Policy in an AI Economy

Austan Goolsbee

NBER Working Paper No. 24653
Issued in May 2018
NBER Program(s):Public Economics Program, Productivity, Innovation, and Entrepreneurship Program

This paper considers the role of policy in an AI-intensive economy (interpreting AI broadly). It emphasizes the speed of adoption of the technology for the impact on the job market and the implications for inequality across people and across places. It also discusses the challenges of enacting a Universal Basic Income as a response to widespread AI adoption, discuss pricing, privacy and competition policy the question of whether AI could improve policy making itself.

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Document Object Identifier (DOI): 10.3386/w24653

Published: Public Policy in an AI Economy, Austan Goolsbee. in The Economics of Artificial Intelligence: An Agenda, Agrawal, Gans, and Goldfarb. 2019

 
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