José Azar
@joseazar
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Economist working on antitrust, labor econ, and corporate governance.
Spain
Joined June 2009
My paper with Xavier Vives on "General Equilibrium Oligopoly and Ownership Structure" is forthcoming in Econometrica. Link here: 👉 https://t.co/nm4HVHWC2a
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Job offers sent by firms including McKinsey and Boston Consulting Group for 2026 show that pay for graduates is being held at the same level as this year https://t.co/KT3Yh0kQ9q
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Las principales consultoras congelan los salarios del personal junior ante la irrupción de la IA. Las mejoras de productividad derivadas de la tecnología están impulsando el debate sobre la dependencia de las firmas del sector de un gran número de profesionales junior
expansion.com
Las principales consultoras han congelado los salarios a los trabajadores recién incorporados por tercer año consecutivo, a medida que la inteligencia artificial comienza a...
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🤖 GenAI and labor market Decline in wages for GenAI-exposed firms, specially junior jobs. https://t.co/HuUIexqVvR
New paper on the effect of AI on wages with @mireiagine and @javiersanzespin. We use Revelio data on 450 million US job postings (138 million workers) and find that wages declined in firms exposed to GenAI relative to firms in the less exposed quintile.
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🤖 GenAI and labor market Controlling for exposure and corporative shocks, a decline in entry-level, GenAI-exposed jobs is observed specially in junior levels. Same for wages (next post).
Is AI already impacting the job market? A new paper from me, @erikbryn, and @RuyuChen at @DigEconLab digs into data from ADP. We find some of the ***first large-scale evidence of employment declines for entry-level workers in AI-exposed jobs.*** A thread on our paper:
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Another new interesting paper on AI and labor markets It's great to see more research in this space
New paper on the effect of AI on wages with @mireiagine and @javiersanzespin. We use Revelio data on 450 million US job postings (138 million workers) and find that wages declined in firms exposed to GenAI relative to firms in the less exposed quintile.
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The structure of the Ise Shrine in Japan is rebuilt every 20 years, in line with the Shinto concept of tokowaka: perpetual newness. But the building is not the only thing that is renewed. It’s the skills needed to make it. “By rebuilding it every 20 years, the people that built
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En esto de la IA, la fase "destruccion" acumula evidencia. EMO: Por mucha seguridad de que al final habra aumentos de productividad, una disciplina como la economia no debería soslayar implicarse al máximo en esta etapa. No debemos practicar el escapismo.
New paper on the effect of AI on wages with @mireiagine and @javiersanzespin. We use Revelio data on 450 million US job postings (138 million workers) and find that wages declined in firms exposed to GenAI relative to firms in the less exposed quintile.
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Politicians who later become congressional leaders trade stocks like everyone else ... until they ascend to power. After ascension, their portfolios beat peers by 47 (!!!) percentage points a year through trades timed around bills and firms that later get government contracts.
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Why is Spain's economy growing? Mainly, because of the huge growth in the population: 1.6 million in 3 years, composed of +1.9m born abroad, -300k born in Spain
Con la actualización del Censo Anual de Población publicada ayer por el INE, podemos desglosar ese incremento de población en los últimos 3 años de 1,6 millones de personas por país de nacimiento.
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El gasto público en vivienda desciende en plena crisis habitacional El descenso en el gasto se atribuye por completo a la reducción de 205 millones en urbanismo (-6,9%) y de 25 millones en desarrollo comunitario (-3,9%) Por @crisdolz96
https://t.co/Z63GIvp9MI
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Increíble trabajo, imagino que la única razón por la que nadie ha replicado este y el trabajo previo sobre empleo en España es el absurdo de que los microdatos de la EES se publiquen de forma cuatrienal.
New paper on the effect of AI on wages with @mireiagine and @javiersanzespin. We use Revelio data on 450 million US job postings (138 million workers) and find that wages declined in firms exposed to GenAI relative to firms in the less exposed quintile.
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Here's a link to the paper:
dropbox.com
Shared with Dropbox
New paper on the effect of AI on wages with @mireiagine and @javiersanzespin. We use Revelio data on 450 million US job postings (138 million workers) and find that wages declined in firms exposed to GenAI relative to firms in the less exposed quintile.
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Very interesting evidence by three excellent Spanish-based economists. Who says business schools don’t do research?
New paper on the effect of AI on wages with @mireiagine and @javiersanzespin. We use Revelio data on 450 million US job postings (138 million workers) and find that wages declined in firms exposed to GenAI relative to firms in the less exposed quintile.
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@ThankYourNiceAI @danielrock @erikbryn @BharatKChandar @RuyuChen @pedrohcgs Correction: the @RevelioLabs data has 450 million US worker positions, not job postings!
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@ThankYourNiceAI @danielrock @erikbryn @BharatKChandar @RuyuChen @pedrohcgs We also see a decline in the share of new positions that have college degrees for juniors and mids, suggesting that AI is leading to de-credentialisation, and a redefinition of job titles and seniority levels.
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@ThankYourNiceAI @danielrock @erikbryn @BharatKChandar @RuyuChen @pedrohcgs The share of employment of juniors falls, and the share of mids increases by a similar amount.
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@ThankYourNiceAI @danielrock @erikbryn @BharatKChandar @RuyuChen @pedrohcgs We also see a decline in the share of new positions that are for juniors, and a corresponding increase in the share of mids (and a small increase for seniors).
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@ThankYourNiceAI @danielrock @erikbryn @BharatKChandar @RuyuChen @pedrohcgs The wage effect is negative for both juniors and mids, and if anything positive for seniors. The effect for juniors is a bit larger than for mids.
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@ThankYourNiceAI @danielrock @erikbryn @BharatKChandar @RuyuChen @pedrohcgs Comparing the effect by intensity of exposure, we find that more exposed firm quintiles have more negative effects.
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@ThankYourNiceAI @danielrock @erikbryn @BharatKChandar @RuyuChen We estimate the ATET using Callaway and @pedrohcgs ' dynamic DiD estimator and find a pretty clear negative effect of AI exposure on wages (about 5%).
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