diff --git a/dataflow-expression/src/eval/builtins.rs b/dataflow-expression/src/eval/builtins.rs
index 4b74de4b2c..b542e97e81 100644
--- a/dataflow-expression/src/eval/builtins.rs
+++ b/dataflow-expression/src/eval/builtins.rs
@@ -611,6 +611,30 @@ impl BuiltinFunction {
 
                 Ok(target_json.into())
             }
+            BuiltinFunction::JsonbSet(target_json, key_path, new_json, create_if_missing) => {
+                let mut target_json = non_null!(target_json.eval(record)?).to_json()?;
+
+                let key_path = non_null!(key_path.eval(record)?);
+                let key_path = key_path.as_array()?.values();
+
+                let new_json = non_null!(new_json.eval(record)?).to_json()?;
+
+                let create_if_missing = match create_if_missing {
+                    Some(create_if_missing) => {
+                        bool::try_from(non_null!(create_if_missing.eval(record)?))?
+                    }
+                    None => true,
+                };
+
+                crate::eval::json::json_set(
+                    &mut target_json,
+                    key_path,
+                    new_json,
+                    create_if_missing,
+                )?;
+
+                Ok(target_json.into())
+            }
             BuiltinFunction::Coalesce(arg1, rest_args) => {
                 let val1 = arg1.eval(record)?;
                 let rest_vals = rest_args
@@ -2002,5 +2026,189 @@ mod tests {
                 test_non_null(object, &keys, "42", true, expected);
             }
         }
+
+        mod jsonb_set {
+            use super::*;
+
+            #[track_caller]
+            fn test_nullable(
+                json: &str,
+                keys: &str,
+                new_json: &str,
+                create_if_missing: Option<bool>,
+                expected_json: Option<&str>,
+            ) {
+                // Normalize formatting and convert.
+                let expected_json = expected_json
+                    .map(normalize_json)
+                    .map(DfValue::from)
+                    .unwrap_or_default();
+
+                let create_if_missing_args: &[&str] = match create_if_missing {
+                    // Test calling with explicit and implicit true `create_if_missing` argument.
+                    Some(true) => &[", true", ""],
+                    Some(false) => &[", false"],
+
+                    // Test null result.
+                    None => &[", null"],
+                };
+
+                for create_if_missing_arg in create_if_missing_args {
+                    let expr =
+                        format!("jsonb_set({json}, {keys}, {new_json}{create_if_missing_arg})");
+                    assert_eq!(
+                        eval_expr(&expr, PostgreSQL),
+                        expected_json,
+                        "incorrect result for for `{expr}`"
+                    );
+                }
+            }
+
+            #[track_caller]
+            fn test_non_null(
+                json: &str,
+                keys: &[&str],
+                new_json: &str,
+                create_if_missing: bool,
+                expected_json: &str,
+            ) {
+                test_nullable(
+                    &format!("'{json}'"),
+                    &strings_to_array_expr(keys),
+                    &format!("'{new_json}'"),
+                    Some(create_if_missing),
+                    Some(expected_json),
+                )
+            }
+
+            #[track_caller]
+            fn test_error(json: &str, keys: &[&str], new_json: &str, create_if_missing: bool) {
+                let keys = strings_to_array_expr(keys);
+                let expr =
+                    format!("jsonb_set('{json}', {keys}, '{new_json}', {create_if_missing})");
+
+                if let Ok(value) = try_eval_expr(&expr, PostgreSQL) {
+                    panic!("Expected error for `{expr}`, got {value:?}");
+                }
+            }
+
+            #[test]
+            fn null_propagation() {
+                test_nullable("null", "array[]", "'42'", Some(false), None);
+                test_nullable("'{}'", "null", "'42'", Some(false), None);
+                test_nullable("'{}'", "array[]", "null", Some(false), None);
+                test_nullable("'{}'", "array[]", "'42'", None, None);
+            }
+
+            #[test]
+            fn scalar() {
+                test_error("1", &["0"], "42", false);
+                test_error("1", &["0"], "42", true);
+
+                test_error("1.5", &["0"], "42", false);
+                test_error("1.5", &["0"], "42", true);
+
+                test_error("true", &["0"], "42", false);
+                test_error("true", &["0"], "42", true);
+
+                test_error("\"hi\"", &["0"], "42", false);
+                test_error("\"hi\"", &["0"], "42", true);
+
+                test_error("null", &["0"], "42", false);
+                test_error("null", &["0"], "42", true);
+            }
+
+            #[test]
+            fn array_empty() {
+                test_non_null("[]", &["0"], "42", false, "[]");
+                test_non_null("[]", &["0"], "42", true, "[42]");
+
+                test_non_null("[]", &["1"], "42", false, "[]");
+                test_non_null("[]", &["1"], "42", true, "[42]");
+
+                test_non_null("[]", &["-1"], "42", false, "[]");
+                test_non_null("[]", &["-1"], "42", true, "[42]");
+            }
+
+            #[test]
+            fn array_positive() {
+                let array = "[0, 1, 2]";
+
+                // Positive start:
+                test_non_null(array, &["0"], "42", false, "[42, 1, 2]");
+                test_non_null(array, &["0"], "42", true, "[42, 1, 2]");
+
+                // Positive middle:
+                test_non_null(array, &["1"], "42", false, "[0, 42, 2]");
+                test_non_null(array, &["1"], "42", true, "[0, 42, 2]");
+
+                // Positive end:
+                test_non_null(array, &["2"], "42", false, "[0, 1, 42]");
+                test_non_null(array, &["2"], "42", true, "[0, 1, 42]");
+
+                // Positive end, out-of-bounds:
+                test_non_null(array, &["3"], "42", false, "[0, 1, 2]");
+                test_non_null(array, &["3"], "42", true, "[0, 1, 2, 42]");
+                test_non_null(array, &["4"], "42", false, "[0, 1, 2]");
+                test_non_null(array, &["4"], "42", true, "[0, 1, 2, 42]");
+            }
+
+            #[test]
+            fn array_negative() {
+                let array = "[0, 1, 2]";
+
+                // Negative start, out-of-bounds:
+                test_non_null(array, &["-4"], "42", false, "[0, 1, 2]");
+                test_non_null(array, &["-4"], "42", true, "[42, 0, 1, 2]");
+                test_non_null(array, &["-5"], "42", false, "[0, 1, 2]");
+                test_non_null(array, &["-5"], "42", true, "[42, 0, 1, 2]");
+
+                // Negative start:
+                test_non_null(array, &["-3"], "42", false, "[42, 1, 2]");
+                test_non_null(array, &["-3"], "42", true, "[42, 1, 2]");
+
+                // Negative middle:
+                test_non_null(array, &["-2"], "42", false, "[0, 42, 2]");
+                test_non_null(array, &["-2"], "42", true, "[0, 42, 2]");
+
+                // Negative end:
+                test_non_null(array, &["-1"], "42", false, "[0, 1, 42]");
+                test_non_null(array, &["-1"], "42", true, "[0, 1, 42]");
+            }
+
+            #[test]
+            fn object() {
+                // Empty:
+                test_non_null("{}", &["a"], "42", false, "{}");
+                test_non_null("{}", &["a"], "42", true, r#"{"a": 42}"#);
+
+                // Override:
+                test_non_null("{\"a\": 0}", &["a"], "42", false, "{\"a\": 42}");
+                test_non_null("{\"a\": 0}", &["a"], "42", true, "{\"a\": 42}");
+
+                // Not found:
+                test_non_null("{}", &["a", "b"], "42", false, "{}");
+                test_non_null("{}", &["a", "b"], "42", true, "{}");
+            }
+
+            #[test]
+            fn array_nested() {
+                let array = "[[[0, 1, 2]]]";
+                let keys = ["0", "0", "0"];
+
+                test_non_null(array, &keys, "42", false, "[[[42, 1, 2]]]");
+                test_non_null(array, &keys, "42", true, "[[[42, 1, 2]]]");
+            }
+
+            #[test]
+            fn object_nested() {
+                let object = r#"{ "a": { "b": { "c": 0 } } }"#;
+                let expected = r#"{ "a": { "b": { "c": 42 } } }"#;
+                let keys = ["a", "b", "c"];
+
+                test_non_null(object, &keys, "42", false, expected);
+                test_non_null(object, &keys, "42", true, expected);
+            }
+        }
     }
 }
diff --git a/dataflow-expression/src/eval/json.rs b/dataflow-expression/src/eval/json.rs
index ff7a594bd6..55123cc545 100644
--- a/dataflow-expression/src/eval/json.rs
+++ b/dataflow-expression/src/eval/json.rs
@@ -4,6 +4,7 @@ use std::mem;
 
 use readyset_data::DfValue;
 use readyset_errors::{invalid_err, ReadySetError, ReadySetResult};
+use serde_json::map::Entry as JsonEntry;
 use serde_json::{Number as JsonNumber, Value as JsonValue};
 
 use crate::utils;
@@ -237,6 +238,53 @@ pub(crate) fn json_insert<'k>(
     Ok(())
 }
 
+pub(crate) fn json_set<'k>(
+    target_json: &mut JsonValue,
+    key_path: impl IntoIterator<Item = &'k DfValue>,
+    new_json: JsonValue,
+    create_if_missing: bool,
+) -> ReadySetResult<()> {
+    if json_is_scalar(target_json) {
+        return Err(invalid_err!("cannot set path in scalar"));
+    }
+
+    let key_path: Vec<&str> = key_path
+        .into_iter()
+        .map(TryInto::try_into)
+        .collect::<ReadySetResult<_>>()?;
+
+    let Some((&inner_key, search_keys)) = key_path.split_last() else {
+        return Ok(());
+    };
+
+    match json_find_mut(target_json, search_keys)? {
+        Some(JsonValue::Array(array)) => {
+            let index = parse_json_index(inner_key)
+                .ok_or_else(|| parse_json_index_error(search_keys.len()))?;
+
+            if let Some(entry) = utils::index_bidirectional_mut(array, index) {
+                *entry = new_json;
+            } else if create_if_missing {
+                let index = if index.is_negative() { 0 } else { array.len() };
+                array.insert(index, new_json);
+            }
+        }
+        Some(JsonValue::Object(object)) => match object.entry(inner_key) {
+            JsonEntry::Occupied(mut entry) => {
+                entry.insert(new_json);
+            }
+            JsonEntry::Vacant(entry) => {
+                if create_if_missing {
+                    entry.insert(new_json);
+                }
+            }
+        },
+        _ => {}
+    }
+
+    Ok(())
+}
+
 /// Returns a mutable reference to an inner JSON value located at the end of a key path.
 fn json_find_mut<K>(mut json: &mut JsonValue, key_path: K) -> ReadySetResult<Option<&mut JsonValue>>
 where
diff --git a/dataflow-expression/src/lib.rs b/dataflow-expression/src/lib.rs
index 2d056242ed..322be3ab98 100644
--- a/dataflow-expression/src/lib.rs
+++ b/dataflow-expression/src/lib.rs
@@ -56,6 +56,8 @@ pub enum BuiltinFunction {
     JsonExtractPath { json: Expr, keys: Vec1<Expr> },
     /// [`jsonb_insert`](https://www.postgresql.org/docs/current/functions-json.html)
     JsonbInsert(Expr, Expr, Expr, Option<Expr>),
+    /// [`jsonb_set`](https://www.postgresql.org/docs/current/functions-json.html)
+    JsonbSet(Expr, Expr, Expr, Option<Expr>),
     /// [`coalesce`](https://www.postgresql.org/docs/current/functions-conditional.html#FUNCTIONS-COALESCE-NVL-IFNULL)
     Coalesce(Expr, Vec<Expr>),
     /// [`concat`](https://dev.mysql.com/doc/refman/8.0/en/string-functions.html#function_concat)
@@ -110,6 +112,7 @@ impl BuiltinFunction {
             JsonStripNulls { .. } => "json_strip_nulls",
             JsonExtractPath { .. } => "json_extract_path",
             JsonbInsert { .. } => "jsonb_insert",
+            JsonbSet { .. } => "jsonb_set",
             Coalesce { .. } => "coalesce",
             Concat { .. } => "concat",
             Substring { .. } => "substring",
@@ -160,7 +163,7 @@ impl Display for BuiltinFunction {
             JsonExtractPath { json, keys } => {
                 write!(f, "({}, {})", json, keys.iter().join(", "))
             }
-            JsonbInsert(arg1, arg2, arg3, arg4) => {
+            JsonbInsert(arg1, arg2, arg3, arg4) | JsonbSet(arg1, arg2, arg3, arg4) => {
                 write!(f, "({arg1}, {arg2}, {arg3}")?;
                 if let Some(arg4) = arg4 {
                     write!(f, ", {arg4}")?;
diff --git a/dataflow-expression/src/lower.rs b/dataflow-expression/src/lower.rs
index c1565892cd..536830b947 100644
--- a/dataflow-expression/src/lower.rs
+++ b/dataflow-expression/src/lower.rs
@@ -248,6 +248,10 @@ impl BuiltinFunction {
                 Self::JsonbInsert(next_arg()?, next_arg()?, next_arg()?, args.next()),
                 DfType::Jsonb,
             ),
+            "jsonb_set" => (
+                Self::JsonbSet(next_arg()?, next_arg()?, next_arg()?, args.next()),
+                DfType::Jsonb,
+            ),
             "coalesce" => {
                 let arg1 = next_arg()?;
                 let ty = arg1.ty().clone();