4 papers · 1 filter
Redistributive Policies for the Times of Transformative AI
Jakub Growiec, Klaus Prettner, Maciej Szkróbka
After the arrival of transformative artificial intelligence (TAI), broad-based automation is expected to decrease the labor share and increase income and wealth inequality. Althoug…
Workers' Incentives and the Optimal Taxation of AI
Jakub Growiec, Klaus Prettner, Maciej Szkróbka
We characterize the optimal tax policy in an economy with human manual and cognitive labor, physical capital, and artificial intelligence (AI). Extending the dynamic taxation setup…
The Paradox of Doom: Acknowledging Extinction Risk Reduces the Incentive to Prevent It
Jakub Growiec, Klaus Prettner
We investigate the salience of extinction risk as a source of impatience. Our framework distinguishes between human extinction risk and individual mortality risk while allowing for…
The Economics of p(doom): Scenarios of Existential Risk and Economic Growth in the Age of Transformative AI
Jakub Growiec, Klaus Prettner
Recent advances in artificial intelligence (AI) have led to a wide range of predictions about its long-term impact on humanity. A central focus is the potential emergence of transf…