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A new working paper from economics researchers at Munich's CESifo concludes that there is no evidence of significant, widespread displacement or reduction in hiring for recent college graduates.
The findings contradict a recent Stanford study, which reported that entry-level employment in AI-impacted occupations was lagging behind other fields.
In the paper, titled "The Early Impacts of AI on Employment Among Recent College Graduates," researchers Robert Fairlie and Jane Wu state that they focused on recent graduates because changes in labor demand may first appear through reductions in hiring rather than layoffs of existing staff.
The authors argue that as artificial intelligence becomes capable of performing relatively standardized tasks in entry-level office jobs, firms may choose to reduce new hiring for simpler roles instead of cutting more experienced, long-term employees.
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