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Automation Risk Analysis

Will “Research 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%

“Research 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%

“Research 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

  • Supervise research projects and students' study projects.

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

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

  • 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.

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

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

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

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

  • Explain economic impact of policies to the public.

  • Review documents written by others.

  • Teach theories, principles, and methods of economics.

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

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

Technologies & Software

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