New CEPR Discussion Paper
DP19610 All Hat and No Cattle? ESG Incentives in Executive Compensation
Matthias Efing, Stefanie Ehmann, Patrick Kampkötter, Raphael Moritz
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We measure health inequality during middle and old age by race, ethnicity, and gender and evaluate the extent to which it can explain inequalities in other key economic outcomes using the Health and Retirement Study data set. Our main measure of health is frailty, which is the fraction of one's possible health deficits and is related to biological age. We find staggering health inequality: At age 55, Black men and women have the frailty, or biological age, of White men and women 13 and 20 years older, respectively, while Hispanic men and women exhibit frailty akin to White men and women 5 and 6 years older. The health deficits composing frailty reveal that most health deficits are more likely for Black and Hispanic people than for White people, with the notable exception of those requiring a diagnosis. Imputing medical diagnoses to Black and Hispanic people uncovers even larger health gaps, especially for Black men.

New CEPR Discussion Paper
DP19529 #Health Inequality and Economic Disparities by Race, #Ethnicity, and #Gender
Nicolo Russo, Rory McGee, Mariacristina De Nardi, Margherita Borella, Ross Abram
#CEPR_LE #CEPR_OE #Labour #Economics #Inequality
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Generative artificial intelligence (AI) has made substantial progress, but some capabilities of AI are not well understood. This study compares the ability of AI to a representative population of US adults in creative and strategic tasks. The creative ideas produced by AI chatbots are rated more creative than those created by humans. Moreover, ChatGPT is substantially more creative than humans, while Bard lags behind. Augmenting humans with AI improves human creativity, albeit not as much as ideas created by ChatGPT alone. Competition from AI does not significantly reduce the creativity of men, but it decreases the creativity of women. Humans who rate the text cannot discriminate well between ideas created by AI or other humans but assign lower scores to the responses they believe to be AI-generated. As for strategic capabilities, while ChatGPT shows a clear ability to adjust its moves in a strategic game to the play of the opponent, humans are, on average, more successful in this adap

New CEPR Discussion Paper
DP19507 Creative & Strategic Capabilities of Generative #AI: Evidence from Large-Scale #Experiments
N Bohren, R Hakimov, R Lalive compare the ability of AI to a representative population of #US adults in creative & strategic tasks
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#EconSky #CEPR_LE