The Measurement Revolution? Credible Measurement and Inference in the Age of AI

The article discusses how artificial intelligence is reshaping measurement in economics by converting unstructured data into structured variables at low cost, enabling large‑scale measurement that was previously infeasible. It outlines three stages—discovery, construct definition, and observation—where AI impacts the measurement pipeline and stresses the importance of rigorous validation to ensure credible inference. The review offers guidance on navigating the shift from a single scalable measure to multiple plausible ones that can lead to differing empirical conclusions.

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