Analyzing wealth distribution effects of artificial intelligence: A dynamic stochastic general equilibrium approach
By Cell Published on January 13, 2025 This study explores the often-overlooked influence of artificial intelligence (AI) on wealth distribution. Using a continuous-time heterogeneous agent dynamic general equilibrium model, we investigate AI’s impact on production technology as a form of biased technological progress. Our findings highlight a temporal dichotomy in AI’s effects on wealth inequality: […]