We are pleased to announce our new podcast series the ‘Handbook Talks’, dedicated to exploring the forthcoming Volumes 5 and 6 of the Handbook of Labor Economics. This series features interviews with renowned scholars who have contributed chapters, offering profound and cutting-edge insights into latest research in labour economics.
David J. Deming, Isabelle and Scott Black Professor of Political Economy at Harvard University, opens our podcast series dedicated to the new edition of the Handbook of Labor Economics with his work on education, skills, inequality, and the future of work. In this episode, he discusses the college wage premium and the impact of AI on college education.
Labor earnings for college-educated workers are about 65-70% higher than for workers without college education. Why do college graduates earn more? How will the emergence of AI shape the college wage premium and college education in the years to come?
Prof. Deming sheds light on how college education enhances the productivity and value of individuals in the labor market and shares insights into the future of work and education. He argues that while AI may change the nature of work, it will not diminish the importance of education, but rather shift the focus towards higher-order skills and competencies.
