How will Language Modelers like ChatGPT Affect Occupations and Industries?

Abstract

Recent dramatic increases in AI language modeling capabilities has led to many questions about the effect of these technologies on the economy. In this paper we present a methodology to systematically assess the extent to which occupations, industries and geographies are exposed to advances in AI language modeling capabilities. We find that the top occupations exposed to language modeling include telemarketers and a variety of post-secondary teachers such as English language and literature, foreign language and literature, and history teachers. We find the top industries exposed to advances in language modeling are legal services and securities, commodities, and investments. We also find a positive correlation between wages and exposure to AI language modeling.

Keywords: artificial intelligence, ChatGPT, language modeling, occupation, technology

JEL Classification: J23, J24, O31, O33