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Luis Garicano on Muck Rack

Luis Garicano

London
As seen in: Cinco Días, El País, Financial Times, The Guardian, The Wall Street Journal, Diario ABC, El Mundo, Journal of Automated Methods and Management in Chemistry, Le Monde, The Economist and
Professor at LSE @LSEPublicPolicy. Substack on econ, tech and EU at www.siliconcontinent.com/ "Messy Jobs" on AI, Jobs and and Organizations, out soon!
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Articles

La medición errónea de la productividad europea

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By Philippe Aghion, Antonin Bergeaud, Luis Garicano
| Listín Diario Verified
En una reciente serie de entradas en Substack, el economista y premio Nobel Paul Krugman presentó un argumento contraintuitivo para respaldar la opinión de que Europa no está sufriendo ningún descenso de la productividad en comparación con Estados Unidos.
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European stagnation is real

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By Pieter Garicano Verified, Luis Garicano
| siliconcontinent.com
Paul Krugman wrote twoposts this week arguing that Europe is broadly not falling behind the United States. He argues that the change measured by the Draghi report is mostly due to growth in the technology industry, which has distorted GDP numbers without actually leading to higher standards of living in the United States. We should believe our eyes when we walk around France and walk around Mississippi. Unfortunately, Krugman is wrong. The measures he uses understate European stagnation.
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DP21453 Weak Bundle, Strong Bundle: How AI Redraws Job Boundaries

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By Luis Garicano, jin Li, Yanhui Wu
| The Centre for Economic Policy Research (CEPR)
English Français Deutsch Italiano 中文 More Español Ελληνικά 日本語 Português Türkçe This paper studies how the effect of AI on an occupation depends not just on which tasks AI can perform but also on how costly it is to unbundle those tasks from the job. Much of the discussion of AI and labor markets starts from task exposure: if AI can perform more tasks in an occupation, that occupation should lose employment or earnings. This is incomplete because labor markets price jobs, not tasks.
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