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Automation Risk Analysis

Will “Forensic 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%

“Forensic 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%

“Forensic 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

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

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

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

  • Explain economic impact of policies to the public.

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

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

  • Teach theories, principles, and methods of economics.

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

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

  • Review documents written by others.

  • Supervise research projects and students' study projects.

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

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

  • 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.

Technologies & Software

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