Abstract:
„We investigate three alternative but complementary indicators of market power on one of the largest online labour markets (OLMs) in Europe: (1) the elasticity of labour demand, (2) the elasticity of labour supply, and (3) the concentration of market shares on the OLM under study. We explore how these indicators relate to an exogenous change in platform policy. In the middle of the observation period, the platform made it mandatory for employers to signal the rates they were willing to pay as given by the level of experience required to perform a project, i.e., entry, intermediate or expert level. We find a positive labour supply elasticity ranging between 0.06 and 0.15, which is higher for expert-level projects. We also find that the labour demand elasticity increased while the labour supply elasticity decreased after the policy change. Based on this, we argue that market-designing platform providers can influence the labour demand and supply elasticities on OLMs with corresponding recruitment policies. We also explore the demand for and supply of AI-related labour on the OLM under study. We provide evidence for a significantly higher demand for AI-related labour (ranging from +1.3% to +4.1%) and a significantly lower supply of AI-related labour (ranging from ‑6.8% to ‑1.6%) than for other types of labour. We also find that workers on AI projects receive 3.0%-3.2% higher wages than workers on non-AI projects”.
Artificial Intelligence Work and Market Power on Online Labour Markets
- ONLINE
- English
Speakers
Dr Estrella Gómez-Herrera
University of Balearic Islands
She is an economist and visiting professor in the Department of Applied Economics at the University of Balearic Islands. She has previously worked at the European Commission, JRC. She is a member of the Excelence Network for the Future of Work and Inclusive Work (Bruegel).
Her current research focuses on the effects of digitization on the economy and society, with a special focus on online labour markets platforms. Her works also cover topics in international economics and trade.
In this webpage you will find information about research, teaching activity and contact information of Dr. Estrella Gómez-Herrera.
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A series of Polish-language meetings during which researchers and guest speakers look at issues related to digital transformation, new technologies, innovation and digital research methods.
The aim of the "Digitisation under the closer look of science" seminars is to build cooperation between academia, the public sector and business. Scientists share their research findings and have the opportunity to discuss them with experts. The results of their work are available on the DELab UW website.
