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Automation Risk Analysis

Will “Health Economics Consultant” 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%

“Health Economics Consultant” 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%

“Health Economics Consultant” 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.

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

  • 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.

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

  • 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.

  • Supervise research projects and students' study projects.

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

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

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

  • Explain economic impact of policies to the public.

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

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

  • Review documents written by others.

Technologies & Software

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