Enrique Ide

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Enrique Ide

Enrique Ide

@ide_enrique

Assistant Professor of Economics - IESE Business School

Barcelona Katılım Temmuz 2022
196 Takip Edilen348 Takipçiler
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Enrique Ide
Enrique Ide@ide_enrique·
Everyone’s talking about @erikbryn, @econ_b & @RuyuChen’s excellent new paper Canaries in the Coal Mine. It shows entry-level jobs shrinking in AI-exposed occupations. But wait: earlier studies found AI helps novices most. So why are entry-level jobs disappearing? (1/n)
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Luis Garicano 🇪🇺🇺🇦
I am below 6h every night since January. Is general anxiety and overwork from AI use reducing sleep? A deeply scientific study: Are you sleeping less post Claude Code/Codex adoption?
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Francisco Nunes
Francisco Nunes@FranNunesEcon·
Garicano @lugaricano’s Hierarchies model (2000) is a very interesting and important model in Organizational Economics. Let me explain it👇 Let π ∈ [0, ♾️) be the type of problem a firm faces. We order them by frequency, with a probability distribution F with strictly decreasing density f, which means ▶️low π = common problems ▶️high π = rare problems Workers choose what to learn (at cost c) and can ask other workers (at cost h). They first try to solve the problem themselves. If [0, π̄₀] is the knowledge set of a worker, then if π ≤ π̄₀ → problem solved if π > π̄₀ → the problem is passed to someone more knowledgeable So the probability of a problem being passed up is Pr(passed up) = 1 − F(π̄₀). This extends to multiple hierarchical layers with different knowledge sets, each handling progressively rarer problems. Optimal choice for the firm: handle common problems yourself, send rare ones up ⇒ hierarchy. Source: Garicano, L. (2000). Hierarchies and the Organization of Knowledge in Production. Journal of Political Economy, 108(5), 874–904. doi.org/10.1086/317671
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Lukas Freund
Lukas Freund@_LukasFreund_·
🚨 “Job Transformation, Specialization, and the Labor Market Effects of AI” - new paper with @lukasfmann 💡 AI transforms what tasks we do at work. Our paper shows how, as a result, individuals' wages may rise or fall depending on their skill set. 🧰 We build a framework to quantify the effects of job transformation on wages, and characterize winners & losers in a genAI automation scenario from 3 perspectives. 👉Exposure: Moderate occupational exposure benefits incumbents, on average, while high exposure harms them; but: within any exposed occupation there are both losers and winners. 👉Skills: Value of social and manual-technical skills ⬆️, analytical/information-processing skills ⬇️. 👉Distribution: Low-wage workers gain relatively more than high-wage workers. 🧵 Summary thread & link to paper 👇
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Lukas Freund
Lukas Freund@_LukasFreund_·
@ide_enrique has a really exciting paper Automation, AI, and the Intergenerational Transmission of Knowledge on this theme. He develops a model in which equilibrium automation of early-career work can be excessive, because experts cannot be fully compensated for the tacit knowledge they transfer to novices. By eroding the skills of future cohorts, this mechanism limits long-run growth.
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Emily Galvin-Almanza@GalvinAlmanza

I don't get how people are planning to sidestep the very basic problem that if you don't have junior hires right now, you won't have experienced people 5 or 10 years later.

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Luis Garicano 🇪🇺🇺🇦
Famously (there is a beautiful Works in Progress piece on this) in 2016, Geoffrey Hinton told an audience in Toronto that medical schools should stop training radiologists, since AI would soon outperform them at reading scans. Ten years later, there are more radiologists than ever, and they earn more than they did then. Hinton was right about the task, but he was wrong (so far!) on the future of the radiology profession. Times have never been better for them. The gap between those two claims, the difference between tasks and jobs, is the subject of a paper I have written with Jin Li and Yanhui Wu, and that we release today: "Weak Bundle, Strong Bundle: How AI Redraws Job Boundaries." (Very relatedly we are also finishing the first draft of our book "Messy Jobs" on AI and Jobs!! You will be the first to hear). We start from the observation that the growing literature on AI and labor markets measures the AI shock by task exposure: people count how many tasks AI can perform in a given occupation AI can perform, and infer that more exposure means more displacement. Eloundou et al. published a paper in Science in 2024 that started this literature, and many follow the same logic. The inference they make is that the more exposed tasks, the worse the outcomes. This is incomplete, because labor markets price jobs, not tasks. A radiologist does not just sell image classification, but does many other jobs: triages cases, communicates with other physicians, trains residents, makes the difficult decisions, and signs a diagnosis. The market buys a bundled service. The question AI poses is not whether it can do one task inside the bundle. The question is whether that task can be pulled out. Thread (1/3) dropbox.com/scl/fo/689u1g7…
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Raffaella Sadun
Raffaella Sadun@raffasadun·
Someone has created a gmail account using my first and last name (raffaellasadun@gmail.com) without my consent. If you receive an email from this gmail account please know that it is not me, and please alert me. This is an impersonator using my name to ask for money.
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Cristóbal Otero
Cristóbal Otero@cristobalotero·
🚨 Calling scholars & practitioners based in Latin America: @ILASColumbia’s Edward Larocque Tinker Visiting Professorship (2027–28) is now open. ✅ 1 semester at Columbia + stipend, office space, housing support, airfare, RA support 📚 Teach/co-teach 1 course + 2 public lectures ⏳ Apply by March 20, 2026 🔗 ilas.columbia.edu/content/edward…
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Luis Garicano 🇪🇺🇺🇦
Barcelona in June is beautiful. If there is a cool workshop on AI at the same time, even better. Consider submitting your best work on the economy at the other side of AGI.
Eduard Talamàs@EduardTalamas

🚨🚨 Call for Papers 🚨🚨 Economics of Transformative AI Workshop at the BSE Summer Forum 2026 👉 June 17, 2026 | Barcelona 👉 Keynote: @lugaricano 👉 Confirmed speakers: Kevin Bryan (@Afinetheorem) and @LindseyRRaymond 👉 Deadline: February 28, 2026

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Luis Garicano 🇪🇺🇺🇦
People looking for research ideas: think this through/nice place to do some empirical work! Ide and @EduardTalamas ((JPE 2025) did some of the necessary theory work, though with the same communication cost between agent and supervisor as between humans (seems may be lower!).
Kevin A. Bryan@Afinetheorem

@boazbaraktcs Hah! I wonder whether our standard org econ results on optimal span of control (e.g., how many employees per manager) are different in AI world? @lugaricano's QJE on this is my mental model, but would have to think of the optimal setup here.

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Luis Garicano 🇪🇺🇺🇦
Dear All, just out: I did a long podcast conversation on the economics of AI with @EpochAIResearch. We discussed its impact on labour markets, recent evidence of complementarities and substitution, training and careers, macro/growth/interest rates, on AI regulation and Europe and much more. I hope you enjoy it. I cited recent research (list next) among others by (list below): @erikbryn @Danielle__Li @LindseyRRaymond @spjaffe @BharatKChandar @RuyuChen @LichtingerGuy @ide_enrique @EduardTalamas @a_auclert @HannesMalmberg1 @ludwigstraub @Ph_Aghion @DAcemogluMIT @baselinescene.
Epoch AI@EpochAIResearch

Will AI drive Europe towards a “high interest rates, no growth” future? How will automation impact entry-level workers and the structure of firms? What role does Europe play as the US and China continue to push AI progress? On this episode of Epoch After Hours, @lugaricano joins Epoch AI researchers @ansonwhho and @APotlogea to discuss these questions. -- Timestamps -- 0:00:00 – Will AI trigger explosive growth? 0:06:26 – Short-run macroeconomic effects 0:11:29 – The decline of junior jobs 0:20:21 – The missing training ladder 0:39:31 – Europe’s AI regulation problem 0:52:46 – Who captures AI value? 01:08:17 – AI, interest rates & fiscal future

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