The implications of psychological research for the economy

How is government spending affected by psychological research?

research can either save the taxpayer money by reducing government spending or increase government spending so increase taxation

Give an example where psychological research increased government spending (3)

Bowlby’s theory leads to women’s rights to maternity leave, improving children’s lives, but this had a greater negative impact on the economy as increased taxation and removed women from the workforce

Give an example where psychological research decreased government spending (2)

If there was a new cheaper treatment for depression, this would save the NHS money so would save taxpayers money

How does attracting funding have implications for the economy? (2)

well publicised research findings can attract overseas investors that fund research to be conducted in the UK, means more jobs for psychologists creating economic investment

How does psychological research lead to increased productivity? (3)

research can help people to return to work after mental illness, so they are more productive and pay more in taxation so require less government benefits, also shows need to fulfil jobs for people trained to be therapists

How does psychological research lead to decreased productivity? (3)

research may recommend behaviours that lower productivity, for an individual’s mental health, shows jobs that are not effective