Assistant Professor @ChicagoBooth | Formerly @StanfordEcon PhD, @newyorkfed RA, and @UChicago undergrad | Corporate finance, IO, and Political Economy
Joined June 2018
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Jacob Conway retweeted
Very happy to share a new paper, “Technology Bottlenecks: Measuring Where AI Could Raise the Value of Work It Cannot Yet Do.”
AI exposure measures ask about the work AI is capable of doing. We ask instead where the marginal value of work AI cannot yet do may rise as AI speeds up the rest of the job.
To do so, we employ 288 million U.S. job postings mapped line by line to their closest O*NET tasks and GPT-4 feasibility ratings from Eloundou et al. (2024) to construct a measure, “bottleneck pressure,” for each task in each occupation that posts it.
Using a simple task-based framework, we derive this pressure at the task level, showing that for an AI-infeasible task it is the exposure of the occupation that posts it, so the same task can face very different bottleneck pressure in different jobs.
Reporting bottleneck pressure alongside AI exposure shows both the scope for AI to perform work and where improving the work it cannot do may pay off more as capabilities expand.
Jacob Conway retweeted
📢 @castrovincenzi, @sabalalejandro, and I are hiring a pre-doc at UChicago starting in July 2027!
Join us to work on urban economics, trade, and IO. It's a great opportunity to gain research experience before a PhD!
Apply here👇
job-boards.greenhouse.io/bfi…
@econ_ra
Jacob Conway retweeted
If you're on the job market in IO or know someone who is, add your name to the list (or pass on the link).
Ppl on the 'demand' side of the market tell me they look at this list both during the market (e.g. for hiring) and after (e.g. for inviting to seminars, etc.).
The running list of IO job market candidates for 2026-2027 is live!
Fill this out to add your info if you are an econ job market candidate in industrial organization this year: forms.gle/kSRAxu8NAFsJ1AXB6
Running list here: shoshanavasserman.com/io-jmc…
Jacob Conway retweeted
The running list of IO job market candidates for 2026-2027 is live!
Fill this out to add your info if you are an econ job market candidate in industrial organization this year: forms.gle/kSRAxu8NAFsJ1AXB6
Running list here: shoshanavasserman.com/io-jmc…
Several @ChicagoBooth faculty members (including me) are looking to hire and work with pre-doctoral researchers, starting in Summer 2027. Come work with us!
Application: chicagobooth.edu/-/media/fac…
First review: Sept 21 (apply soon!)
Details 👇🏻
Hiring faculty: @MilenaAlmagro @mfbastianello @ebudish @Leland_Bybee @cqcampos @VirginiaMinni @TayaSikorskaya @ChadSyverson @JoeVavra, Rodrigo Adão, Kilian Huber, Jacob Leshno, Yueran Ma, Jack Mountjoy, Christina Patterson, Heather Sarsons, Eric Zwick, and me!
Excited to read what sounds like a great book! Looking forward to the arrival today of my pre-ordered copy :-)
Today is launch day for The Everywhere Millionaire! I talked with @PrincetonEcon to answer a few questions about the book.
1. You can order your copy today us.macmillan.com/books/97812…
2. Please share this with friends who might be interested in the American Dream and/or American inequality
3. Amazon reviews are open now too, and a short one helps more than you'd think.
Jacob Conway retweeted
Paul Goldsmith-Pinkham has a new blog post about AI-generated text in NBER working papers.
I'll let you all guess who is responsible for the gigantic 32% share of AI-generated working papers in the Productivity, Innovation & Entrepreneuship program.
paulgp.substack.com/p/how-do…
Jacob Conway retweeted
Aspiring economists interested in public, household finance, inequality, labor, macro, fiscal policy, behavioral, or urban: come work at the University of Chicago with me and @p_ganong!
Positions start summer 2027.
Application: chicagobooth.edu/-/media/fac…
First deadline: Sept 15
Jacob Conway retweeted
My book on the economics of business social responsibility is officially forthcoming!!
yalebooks.yale.edu/book/9780…
Jacob Conway retweeted
We’re giving scientists, mathematicians, and engineers free access to our frontier models—starting with 10,000 researchers and expanding to 100,000 through 2027.
ChatGPT for Academic Researchers is built to accelerate discovery across disciplines.
Jacob Conway retweeted
We're pleased to announce our 2026 #StiglerAffiliate Fellows, a multidisciplinary group of economists, business scholars, lawyers, and political scientists:
• Dhruv Aggarwal, Northwestern Pritzker School of Law
• Milena Djourelova @MNDjourel, University of Southern California
• Brian Jabarian @brian_jabarian, University of Chicago Booth School of Business
• Aljoscha Janssen, Singapore Management University
• Max Kagan @max_kagan, Columbia Business School
• Mario Leccese @mario__leccese, Boston University’s Questrom School of Business
• Luca Maini @luca_maini, Harvard Medical School
• Camille Urvoy @CamilleUrvoy, University of Mannheim
Learn more about this year's cohort on @ProMarket_org: promarket.org/2026/06/10/ann…
Jacob Conway retweeted
Show Codex a workflow once. Reuse it as a skill.
Record & Replay lets you show Codex a recurring task, like filing an expense report or submitting a time-off request.
Codex turns that demo into an inspectable, editable skill.
You control when recording starts and stops.
Jacob Conway retweeted
We're launching the OpenAI Economic Research Exchange: a new program for external researchers conducting independent research on the economic impacts of AI.
We are looking for rigorous empirical projects on questions that matter for workers, firms, institutions, and the broader economy.
openai.com/index/economic-re…
Jacob Conway retweeted
My laptop has become a “satellite device” since I started using Codex from my phone. And my Mac mini has become the “home.” It’s clunky, but the end state feels more like how we’re going to be working in the near future:
I’m currently running the Codex app on 2 devices:
1. my MacBook
2. my Mac mini
My laptop isn’t reliably connected to Wi-Fi enough, so I keep a Mac mini on my desk that is always connected.
When I kick off new threads from my phone, I start them on the Mac mini. When I’m working from my desk, I run them there too.
The cool part is that I’ve added my MacBook and Mac mini as connected devices to each other. That means I can start and resume threads from either device. So if I’m in a meeting but want to continue a thread on my laptop that was started on my Mac mini, I can do that.
I’ve also set up mutual SSH for Mac mini <> MacBook, so files are easy to access from either side. It’s not fully seamless yet, but the model works.
What this means:
- I have an always-on Codex that is accessible from my phone, with its own dev environment
- All threads are always accessible from any of the 3 devices
- I can run heartbeat threads that stay on 24/7
It’s a little makeshift today, but the shape of it feels very real to me: Codex is no longer tied to whichever computer happens to be open in front of me. It starts to feel like something I can stay connected to across whatever device I’m using.
