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Automation Risk Analysis

Will “Fiscal Economist” 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%

“Fiscal Economist” 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%

“Fiscal Economist” 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

  • Teach theories, principles, and methods of economics.

  • Explain economic impact of policies to the public.

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

  • Supervise research projects and students' study projects.

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

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

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

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

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

  • Review documents written by others.

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

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

  • 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.

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

Technologies & Software

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