BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Memento EPFL//
BEGIN:VEVENT
SUMMARY:The Changing Economics of Knowledge Production
DTSTART:20210129T103000
DTEND:20210129T120000
DTSTAMP:20260507T165634Z
UID:7e7ee6b78fbc963e94411cb5c0cc3c26e85c0ccf61d70c65c902b486
CATEGORIES:Conferences - Seminars
DESCRIPTION:Laura VELDKRAMP\, Columbia University\nBig data technologies c
 hange the way in which data and human labor combine to create knowledge. I
 s this a modest technological advance or a transformation of our basic eco
 nomic processes? Using hiring and wage data from the financial sector\, we
  estimate firms' data stocks and the shape of their knowledge production f
 unctions. Knowing how much production functions have changed informs us ab
 out the likely long-run changes in output\, in factor shares\, and in the 
 distribution of income\, due to the new\, big data technologies. Using dat
 a from the investment management industry\, our results suggest that the l
 abor share of income in knowledge work may fall from 44% to 27% and we qua
 ntify the corresponding increase in the value of data.
LOCATION:Zoom
STATUS:CONFIRMED
END:VEVENT
END:VCALENDAR