The Implications of Psychological Research for the Economy

What are economic implications of psychological research?

The potential financial consequences and impact conducting psychological studies can have on society

What do the implications demonstrate?

How psychological research creates practical applications that benefit individuals and the economy

Economy meaning

The state of a country or region in terms of population and consumption of goods and services

How does psychological research benefit the economy?

Develop effective treatments and interventions

What are examples of implications of psychological research for the economy?

Development of treatments for mental health illnesses, improving memory and attachment

Relevant statistics for the development of treatment for mental illness

Absence from work costs an estimated 15 billion a year. A third of all absences are from health conditions

How does the development of treatment for mental health illness help society?

Patients can get their condition diagnosed quickly, get access to treatment. Conditions can be treated with psychotherapeutic drugs, antianxiety or psychotherapies

How does the development of treatment for mental illness impact the economy?

Benefits, creates huge savings in financial costs. People can manage their condition effectively and return to work to contribute to the economy

What research does attachment research into the role of the father challenge?

Bowlby’s monotropic theory

What does psychological research for attachment show?

Both parents are equally capable of providing emotional support necessary for healthy psychological development

What does the understanding for attachment research promote?

More flexible working arrangements within the family

What is the norm in households?

The mother earns more and works longer hours. Many couples share childcare responsibilities across the week

How does attachment impact the economy?

Modern parents are better equipped to maximise their income and contribute more effectively to the economy

What is the implication for the economy for improving memory?

Cognitive interviews reduce expense and wrongful arrests to ensure criminals are caught

How does cognitive interview impact the economy?

Benefits, accuracy of eyewitness reporting enables better use of police time and resources