The Impact of Artificial Intelligence on Youth Employment:Evidence from Industrial Robots Application in the OECD Countries
Youth unemployment becomes an increasingly severe issue recently in the world,which coincides with the artificial intelligence(AI)development,and therefore raises concerns about whether AI exacerbates youth unemployment.This article empirically tests the impact of AI on youth unemployment using the panel data of industrial robots application in OECD countries,finding that instead of aggravating effect,AI has significantly reduced the youth unemployment rate.The effect partly stems from the substitution of older employees'positions.Furthermore,the phenomenon of unemployment hysteresis and the irreversibility of"machines replacing humans"partially offset the positive impact of AI on youth employment,which makes the effect of AI in alleviating youth unemployment more significant during economic downturns but suppressed during economic upturns,exhibiting countercyclical characteristics.The article concludes that the strategy of prioritizing employment is in line with that accelerating the development of new quality productive forces,but it is important to caution the limitations of new technologies like AI in alleviating youth unemployment.
NETL
NSTL
万方数据
