Forecasting the Impacts of AI on Productivity

How input assumptions shape predictions of economic growth from AI

Preliminary Draft Stone Center on Inequality and Shaping the Future of Work

The seminal papers attempting to forecast the impact of AI on TFP, Acemoglu (2024), Aghion and Bunel (2024) and Korinek et al. (2026), use similar formulas but reach very different conclusions.

We created this tool to let you be part of the discussion. Change the inputs according to what you think is most relevant and determine TFP growth within the task-based model from Acemoglu (2024). As AI research advances, estimates may change. Therefore, this tool is built to be updated, and we invite you to share new studies with us.

We also present other models and estimates of TFP, Labor Productivity, and GDP Growth, demonstrating the vast array of opinions on these subjects.

The Three Economists' Assumptions, Side by Side

Component Acemoglu Aghion & Bunel Korinek et al.
Component Acemoglu Aghion & Bunel Korinek et al.
Modest Substantial Extreme
GDP Share of Exposed Tasks 20% 60% 20% 30% 50%
affected mass of tasks
Share of Exposed Tasks That Are Profitable to Automate 23% 50% 20% 40% 60%
diffusion share of instances
Average Cost Savings from AI 27% 40% 0.30 0.45 0.80
log unit-cost decline per instance
AI-Exposure-Adjusted Labor Share of Value Added 53.5% 57% 60% 60% 60%
base-period labor share, unadjusted
Resulting TFP Gain 0.07pp/yr0.66% / 10 yrs 0.68pp/yr6.8% / 10 yrs 0.12pp/yr0.7% / 6 yrs 0.51pp/yr3.1% / 6 yrs 2.10pp/yr13.4% / 6 yrs
A NOTE ON HARMONIZING KORINEK'S VALUES

The labels in orange are Korinek et al.’s inputs for three scenarios of AI growth. The differences with Acemoglu’s and Aghion & Bunel’s shared definitions are explained below. This section uses Korinek et al.’s first-order approximation, which yields cumulative results close to their main model; the equation the simulation actually runs on is discussed in Alternative Scenarios Considered by the Economists.

Korinek et al. do not publish an annualized rate. They report cumulative gains over six years, so the annual figures shown here are ours, computed as ln(1 + gap)/6:

— Applied to their published cumulative figures of 0.7 / 3.1 / 13.4%: 0.12 / 0.51 / 2.10 pp per year.

— Applied to the first-order product of the four inputs, 0.72 / 3.24 / 14.40%: 0.12 / 0.53 / 2.25 pp per year.

The published figures come from the exact simulation and sit slightly below the first-order product.

Use your own values to calculate TFP growth from AI

The dials below can be set at Acemoglu's, Aghion & Bunel's, Korinek et al.'s or your own preferred values. You can change between Acemoglu / Aghion & Bunel's and Korinek et al.'s frameworks by choosing your preferred definition's button. We also include an estimate horizon dial that allows you to choose over what period the changes in TFP accumulate.

GDP share of exposed tasks

How do we measure an occupation's exposure to AI?

20.0%
How each economist gets there

ACEMOGLU

20%

From Eloundou et al. (2024) and combined into occupations using wage bills from BLS, resulting in bill weighted share of exposed occupations. Interpreted as GDP share of tasks exposed to AI.

AGHION & BUNEL

60%

From Pizzinelli et al. (2023), who measure AI exposure by abilities. Abilities are weighted by prevalence and importance and aggregated to occupations, resulting in AI occupational exposure (AIOE) by occupation and employment shares by country. The 60% is US-specific and includes both high and low complementarity employment.

KORINEK ET AL.

20%/30%/50%

Modest / Substantial / Extreme

affected mass of tasks

Korinek et al. define this figure as “the fraction of the economy's tasks that AI affects, at pre-AI wage-bill weights.” The range 20%, 30%, and 50% represent the three different measures of task exposure in Eloundou et al. (2024) from least to most intense.

Key differences

Acemoglu uses task exposure while Aghion & Bunel use ability exposure. Aghion & Bunel flag occupations above the AIOE median as exposed to AI; Acemoglu uses each occupation's share of exposed tasks, then weights by wage bill to get a GDP share. Aghion & Bunel apply no weighting, assuming the GDP share of tasks exposed to AI is similar in magnitude to the share of tasks exposed to AI (despite using abilities).

In the first-order form above, Korinek does not weight the share of tasks with BLS data like Acemoglu, but defines the values as wage-bill weighted, acknowledging this as a step.

In Korinek et al.'s main specification, the share of affected tasks starts from the mid-2026 reading in all scenarios, follows a logistic path, and ends in different 2030 values depending on the scenario.

Share of exposed tasks profitable to automate

How many tasks are worth automating?

23.0%
How each economist gets there

ACEMOGLU

23%

From Svanberg et al. (2024).

AGHION & BUNEL

50%

From Svanberg et al. (2024) cost-decline scenarios under a 22% annual decline from Besiroglu & Hobbhahn (2022).

KORINEK ET AL.

20%/40%/60%

Modest / Substantial / Extreme

diffusion share of instances

Represents the percentage of task instances that AI affects. The numbers are picked by the researchers but the upper bound is informed by Bick et al. 2024 and the lower bound is informed by (Griliches 1957; David 1990; Comin and Hobijn 2010).

Key differences

Aghion & Bunel incorporate projected computing-cost declines. Acemoglu excludes them from his baseline, saying a doubling of GPU capacity “will not necessarily translate into a 50% decline in costs, in general,” citing diminishing returns, bottlenecks from other inputs, and current architectural limits.

We present Korinek et al.'s diffusion share in this section because it occupies the same place as Acemoglu's and Aghion & Bunel's share of exposed tasks profitable to automate. However, it should be noted these inputs represent different considerations. Diffusion focuses on the amount of people using AI in a task for whatever reason, whereas Acemoglu and Aghion focus on a task's profitability with AI.

We note that Korinek et al. consider diffusion at the task instance level, not the task level.

In Korinek et al.'s main specification, the diffusion starts from the mid-2026 reading in all scenarios, follows a logistic path, and ends in different 2030 values depending on the scenario.

Average cost savings from AI

How much does AI save in labor costs?

27.0%

Korinek et al.'s values are log points, not percentages. They are equivalent to productivity gains of 35%, 57% and 123%.

Where does this number come from?
Include Study Value Used by Article

Noy and Zhang (2023)

Writing tasks assisted with Chat GPT

40%speed AcemogluA&BPWBM

Brynjolfsson et al. (2023)

Customer support agents assisted with generative AI tool

14%Issue resolution rate AcemogluA&BPWBMOECD

Peng et al. (2023)

Software developers implementing HTTP servers assisted with AI pair programmer

56%speed A&BPWBM

Cui et al. (2025)

Software developers using AI-based coding assistant

26%Task completion rate PWBM

Dell'Acqua et al. (2023)

Consultants using GPT-4 to complete tasks

12%Task completion rate PWBMOECD

Haslberger, Gingrich & Bhatia (2023)

Experiment with sample of UK Working Age Population using ChatGPT for work tasks

*Calculated by Filippucci et al. (2024), not reported in paper

48%Average gain in time and quality OECD

Gambacorta et al. (2026)

Software developers using CodeFuse, LLM for coding tasks.

22%Task completion rate

Mean of 2 selected: 27%

How each economist gets there

ACEMOGLU

27%

Labor cost reductions from AI averaged from two experimental studies: Noy & Zhang (2023) and Brynjolfsson et al. (2023).

AGHION & BUNEL

40%

Labor cost reductions from AI averaged from three experimental studies: Noy & Zhang (2023), Brynjolfsson et al. (2023), and Peng et al. (2023).

KORINEK ET AL.

0.3/0.45/0.8

Modest / Substantial / Extreme

log unit-cost decline per instance

Represents the unit-cost decline per AI-performed instance, whether automated or augmented, also referred to as the log productivity gain per AI-performed instance.

We display it in two forms: 1.) in log points (as Korinek et al. have it in their paper) and 2.) converted increase in productivity (%).

The numbers are picked by the researchers but informed by three studies: (Brynjolfsson et al. 2025; Huang et al. 2025; Demirer et al. 2026)

Key differences

Aghion & Bunel include Peng et al., which Acemoglu excludes because he believes their setting (computer programmers on GitHub Copilot) is “less likely to be relevant to other tasks and occupations.”

We note Korinek et al.'s difference in units, as their model uses log points and not % increase in productivity.

In Korinek et al.'s main specification, the unit cost decline starts from a mid-2026 reading (0.3, 0.35, 0.45 depending on the scenario), grows in the case of the substantial and extreme scenario, and ends at 0.45 and 0.8 for these scenarios respectively.

AI-exposure-adjusted labor share of Value Added

How do labor cost savings become overall cost savings?

53.5%
How each economist gets there

ACEMOGLU

53.5%

Industry-level AI exposure estimates from Eloundou et al. (2024) combined with industry labor shares from BEA.

AGHION & BUNEL

57%

Value comes from Acemoglu's April 2024 draft.

KORINEK ET AL.

60%

base-period labor share, unadjusted

Korinek et al. use a base-period labor share in all scenarios, which they refer to as the conventional value for the US.

Key differences

No difference in methodology between Acemoglu and Aghion & Bunel. Aghion & Bunel use value from Acemoglu's April draft.

Korinek et al. refers to labor share as labor share of income, not value added. It is also not adjusted for AI exposure.

In the main specification, labor share of income is endogenous and falls over time due to AI.

Estimate Horizon

Over what period do these changes accumulate?

10 years

Alternative Scenarios Considered by the Economists

This section allows you to explore other considerations the economists make in their papers.

Acemoglu's variants

  • 0.53% — hard-to-learn tasks. 72.6% of exposed tasks by wage bill are easy; cost savings on the rest assumed at 7% rather than 27%. The estimate he considers most reasonable.
  • 0.66% — baseline. 4.6% of GDP impacted × 14.4% overall cost savings. He calls it an upper bound.
  • 0.89% — including Peng et al. Labor cost savings rise from 27% to 36%.
  • 0.90% — rapid compute cost decline. Svanberg et al.'s (2024) 10%-a-year scenario lifts feasibly automated tasks to 30%.

Aghion & Bunel's intervals

  • 18.5%–68% — share of GDP exposed.
  • 23%–80% — share profitable to automate.
  • 27%–40% — average cost savings.
  • 57% — labor share, fixed, taken from Acemoglu.

How does the rest of the field estimate growth due to AI?

The two estimates above are part of a growing field of literature. Select growth metrics below to see how other studies predict AI will change the economy. We are updating this page as new studies take place.

Select one to compare

Know an estimate we're missing?

Send us a study, and we will consider it for the number line above. Only the first two fields are required.

Sources
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