LLMs can act as valid instruments for latent cognitive occupational variables when four conditions hold, enabling an Augmented Human Capital Index with strong convergent validity and larger effect sizes in instrumental variable estimates.
Gpts are gpts: An early look at the labor market impact potential of large language models.Science, 384(6702): 1306–1308
1 Pith paper cite this work. Polarity classification is still indexing.
1
Pith paper citing it
fields
econ.EM 1years
2026 1verdicts
UNVERDICTED 1representative citing papers
citing papers explorer
-
Measuring What Cannot Be Surveyed: LLMs as Instruments for Latent Cognitive Variables in Labor Economics
LLMs can act as valid instruments for latent cognitive occupational variables when four conditions hold, enabling an Augmented Human Capital Index with strong convergent validity and larger effect sizes in instrumental variable estimates.