Template-Type: ReDIF-Article 1.0

Author-Name: Mate Zsinko
Author-Workplace-Name: Magyar Nemzeti Bank 
Author-Email: zsinkom@mnb.hu
Author-Person: 

Title: The Impact of Artificial Intelligence on the Labour Market

Abstract: Technological progress and economic growth have gone hand in hand in past
centuries, necessitating the continuous adaptation of labour markets. Historically,
labour markets have demonstrated considerable adaptability to changes in the
economic structure, leading to significant productivity gains. Today, however,
most analyses agree that by the end of the decade, around 20 per cent of jobs
in developed countries are projected to be affected by the spread of artificial
intelligence and automation, and in Hungary this could affect nearly 1 million
jobs. The use of new technologies may eliminate some jobs, create new ones
and contribute to productivity gains mainly by complementing existing work
processes.

Classification-JEL: 
Keywords: 
Pages: 156-170
Volume: 24
Issue: 1
Year: 2025
File-URL: https://hitelintezetiszemle.mnb.hu/sw/static/file/fer-24-1-fa1-zsinko.pdf
File-Format: Application/pdf
Handle: RePEc:mnb:finrev:v:24:y:2025:i:1:p:156-170