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Automation Risk Analysis

Will “Econometrician” be Automated?

Historical Context: Oxford Study (2013)

Ranked #282 of 702. Estimated risk: 43.0%

Directly assessed by researchers as unlikely to be automatable
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AI Exposure Risk

63%

“Econometrician” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 63% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

15%

“Econometrician” will almost certainly not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 15% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Economists, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

Avg. Annual Salary $130,910
Avg. Hourly Wage $62.94
Available Jobs (US) 15,880
Job Title & Hierarchy Code (SOC) Economists #19-3011
Wage vs. National Median
ℹ️

Data is based on the reference occupation: “Economists”

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Core Skills & Abilities

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.

  • Explain economic impact of policies to the public.

  • Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.

  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.

  • Teach theories, principles, and methods of economics.

  • Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

  • Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy, and present recommendations based on cost-benefit analyses.

  • Review documents written by others.

  • Supervise research projects and students' study projects.

  • Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.

  • Develop economic guidelines and standards, and prepare points of view used in forecasting trends and formulating economic policy.

  • Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.

  • Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.

  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.

Technologies & Software

  • LaTeX
  • UNIX
  • TreeAge Software TreeAge Pro
  • The MathWorks MATLAB
  • Tableau
  • Semantic Scholar AI
  • Gemini (Google)
  • Mathsoft Mathcad
  • Microsoft PowerPoint
  • Estima Regression Analysis of Time Series RATS
  • IBM SPSS Statistics
  • Perplexity AI
  • Teradata Database
  • Grok (xAI)
  • Structured query language SQL
  • Insightful S-PLUS
  • Microsoft Visual Basic
  • Microsoft Power BI
  • Mozilla Firefox
  • Statistical software
  • Timberlake Consultants OxMetrics
  • Consensus
  • Claude (Anthropic)
  • Llama (Meta)
  • MediaWiki
  • NotebookLM (Google)
  • ESRI ArcView
  • MacKichan Software Scientific Notebook
  • SAS
  • MySQL
  • UNIX Shell
  • Microsoft Outlook
  • Corel WordPerfect Office Suite
  • DeepSeek
  • Microsoft SQL Server
  • Camfit Data Limited Microfit
  • Microsoft Word
  • R
  • Econometric Software LIMDEP
  • Palisade @Risk
  • StataCorp Stata
  • ChatGPT (OpenAI)
  • Microsoft Access
  • Oracle Java
  • Scite AI
  • Wolfram Research Mathematica
  • Elicit
  • Kimi (Moonshot AI)
  • Python
  • Formula translation/translator FORTRAN
  • IBM Lotus 1-2-3
  • Estimates Delivery System EDS
  • Aptech Systems GAUSS
  • Microsoft Internet Explorer
  • Microsoft Visual Basic for Applications VBA
  • Mistral (Mistral AI)
  • C++
  • Microsoft Excel
  • Gemini for Workspace
  • Corel QuattroPro
  • Web browser software
  • Nova (Amazon)
  • Global Insight AREMOS
  • Quantitative Micro Software EViews
  • Qwen (Alibaba)
  • Microsoft Office software
  • Maplesoft Maple
  • Minitab
  • Mistral AI (chat/models)
  • Microsoft Visual C# .NET
  • Personal computers
  • Data scanners
  • Laptop computers
  • Maintrame computers
  • Desktop computers
  • 10-key calculators