economic psychology research topics

Economic Psychology Research Paper Topics

This page provides a comprehensive list of economic psychology research paper topics , aimed at students who are delving into the intricate relationship between psychological processes and economic behavior. Economic psychology, a field that intersects with both psychology and economics, explores how individuals and groups make decisions that impact economic phenomena, including consumer behavior, financial decision-making, saving and spending habits, and the psychological effects of economic policies. By offering a wide array of topics, from the analysis of consumer choices in various market conditions to the exploration of psychological factors influencing investment strategies, this resource aims to equip students with the necessary insights to investigate how psychological principles affect economic outcomes. The goal is to inspire students to uncover new understandings that can inform better economic decision-making, policy development, and marketing strategies, ultimately contributing to broader economic well-being and efficiency.

100 Economic Psychology Research Paper Topics

Economic psychology bridges the complex worlds of psychological processes and economic behavior, offering fascinating insights into how individuals and groups make decisions that profoundly impact economic phenomena. This interdisciplinary field encompasses a wide range of research topics, each exploring different facets of how psychological factors influence economic outcomes. The scope of economic psychology is vast, addressing issues from consumer behavior and financial decision-making to the psychological impacts of economic policies. By understanding these dynamics, economic psychology contributes significantly to enhancing both individual well-being and societal economic health.

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• The impact of social media on purchasing decisions
• Psychological effects of branding on consumer choices
• Decision fatigue and its influence on shopping behavior
• The role of emotions in impulse buying
• Consumer trust and its effect on online shopping
• The psychology behind loyalty programs
• Consumer resistance to new products
• The impact of cultural factors on consumer behavior
• Behavioral insights into sustainable consumption
• Psychological triggers in advertising
• Cognitive biases in investment choices
• Emotional finance: the role of emotions in financial decisions
• The psychology of financial risk-taking
• Personal finance management and psychological factors
• Psychological perspectives on debt and borrowing behavior
• Heuristics and biases in retirement planning
• The influence of peer behavior on personal financial decisions
• Financial literacy and decision-making competence
• Behavioral insights into financial advising
• The psychology of financial crises
• Nudge theory and its applications in economic policy
• The endowment effect and loss aversion
• Time discounting and future-oriented financial behavior
• Social norms and their impact on economic decisions
• Behavioral game theory and cooperative behavior
• Overconfidence and market behavior
• Behavioral insights into tax compliance
• The psychology of charitable giving
• Anchoring effects in pricing strategies
• Prospect theory and decision-making under risk
• Psychological factors influencing saving habits
• The impact of financial education on spending behavior
• Mental accounting and its effects on budgeting
• Psychological barriers to saving for retirement
• The influence of mood on spending decisions
• Delayed gratification and savings behavior
• The role of financial anxiety in saving and spending
• Money attitudes and their relationship with financial behaviors
• The effect of life transitions on saving and spending
• Psychological interventions to promote saving behavior
• Public attitudes towards economic policies
• The psychological impact of taxation on behavior
• Trust in financial institutions and its effect on economic confidence
• Perception of economic inequality and its societal implications
• Behavioral insights into policy compliance
• The role of optimism in economic recovery perceptions
• Psychological effects of unemployment policies
• Public reactions to monetary policy changes
• Social identity and its influence on economic policy views
• Psychological factors in environmental policy support
• Decision-making processes under uncertainty
• The perception of risk in financial investments
• Psychological resilience in economic downturns
• The role of information in managing economic risk
• Uncertainty avoidance and economic behavior
• Risk perception and environmental decision-making
• Behavioral strategies for coping with economic uncertainty
• The impact of perceived control on risk-taking behavior
• Psychological aspects of insurance decisions
• Fear of missing out (FOMO) and risk-taking in investments
• Crowd psychology and market trends
• The psychology of market bubbles and crashes
• Investor sentiment and stock market fluctuations
• Psychological factors driving market competition
• The role of rumors and misinformation in market dynamics
• Consumer confidence and its impact on economic indicators
• The effect of collective emotions on market outcomes
• Psychological aspects of trading behavior
• Social influence and market movements
• Behavioral biases in market predictions
• Psychological drivers of environmentally sustainable behavior
• The impact of eco-labeling on consumer choices
• Behavioral economics approaches to promoting energy conservation
• Psychological factors in public responses to climate change policies
• The role of individual beliefs in environmental advocacy
• Nudging towards greener consumption patterns
• Psychological barriers to adopting renewable energy sources
• Environmental risk perception and behavior
• The influence of social norms on environmental actions
• Motivations behind voluntary simplicity and minimalism
• The psychological experience of poverty
• Wealth and happiness: exploring the relationship
• Social comparison and its effects on financial well-being
• The stigma of poverty and its psychological impacts
• Psychological interventions for financial empowerment
• The effect of socioeconomic status on children’s development
• Materialism, consumerism, and psychological well-being
• Psychological factors in philanthropy and wealth distribution
• The mindset of scarcity vs. abundance
• Economic mobility and psychological outcomes
• Qualitative methods in economic psychology research
• Experimental designs in behavioral economic studies
• The use of big data in understanding economic behaviors
• Cross-cultural methodologies in economic psychology
• Neuroeconomic approaches to studying decision-making
• The role of surveys and questionnaires in economic psychology research
• Mixed methods research in economic psychology
• Longitudinal studies of economic behavior
• Ethical considerations in economic psychology research
• The application of machine learning in analyzing economic behaviors

Exploring the vast array of topics within economic psychology is essential for advancing our understanding of how psychological factors influence economic behaviors. By delving into these diverse research areas, students have the opportunity to uncover new insights that can profoundly impact policy-making, marketing strategies, and financial education programs. Encouraged to pursue topics that resonate with their academic interests and career aspirations, students can contribute significantly to the field, fostering a deeper comprehension of the psychological mechanisms underlying economic decisions and actions.

What is Economic Psychology?

Behavioral Economics and Decision Making

Behavioral economics shines a light on the array of cognitive biases and heuristics that steer individuals away from rational economic decisions. Concepts such as the anchoring effect, where initial exposure to a number skews subsequent financial estimations, and loss aversion, the tendency to fear losses more than valuing gains, underscore the mental shortcuts that can lead to suboptimal economic outcomes. By dissecting these biases, economic psychology offers pathways to understand the often-irrational underpinnings of financial behavior.

Beyond cognitive biases, emotions significantly sway economic decisions, weaving a complex tapestry of influence on financial behaviors. The euphoria accompanying market highs can drive speculative bubbles, while fear during downturns may precipitate sudden sell-offs, demonstrating the profound impact of emotional states on financial markets and individual investment decisions. Recognizing the interplay between emotions and economic behavior is crucial for developing strategies that mitigate emotional overreactions and foster more balanced, informed financial decision-making.

The insights gleaned from behavioral economics hold critical implications for enhancing financial literacy and decision-making processes. By integrating knowledge of cognitive biases and emotional influences into financial education programs, individuals can be better equipped to identify and counteract these biases in their economic decisions. This approach not only aims to foster a more financially literate society but also underscores the potential for informed individuals to make decisions that align more closely with their long-term economic interests and well-being.

Consumer Behavior and Market Trends

The exploration of consumer behavior within economic psychology delves into how psychological factors, from individual personality traits to broader social influences, shape purchasing decisions. This investigation reveals the myriad ways in which consumers’ attitudes, beliefs, and emotional responses to products, services, and marketing messages influence their buying behavior, highlighting the importance of psychological insights in understanding market dynamics.

Marketing and advertising strategies are profoundly shaped by psychological principles, employing tactics designed to influence consumer psychology and drive purchasing behaviors. Techniques such as the use of scarcity to create urgency, leveraging social proof to build trust, and framing prices in ways that enhance perceived value, all illustrate how marketing leverages psychological insights to sway consumer behavior. The effectiveness of these strategies in influencing consumer decisions underscores the critical role of psychological understanding in crafting marketing messages that resonate with target audiences.

The digital revolution has ushered in significant shifts in consumer behavior, with online shopping, digital advertising, and social media transforming how consumers interact with brands and make purchasing decisions. Economic psychology helps unravel the psychological aspects of these digital interactions, examining how online environments influence consumer behavior from the allure of instant purchases to the impact of online reviews and influencer endorsements. Understanding these digital consumer behavior trends is paramount for businesses and marketers aiming to effectively engage with consumers in the digital age.

Economic Policies and Psychological Impact

The public’s psychological reactions to economic policies play a pivotal role in determining their effectiveness and societal acceptance. Economic psychology investigates how factors such as trust in policymakers, perceived fairness, and the psychological impact of policy changes influence public support for economic initiatives, offering valuable insights for designing policies that align with public sentiments and behavioral tendencies.

The widening gap of income inequality presents significant psychological effects, influencing individuals’ mental health, social cohesion, and overall life satisfaction. Economic psychology provides a framework for understanding the complex psychological responses to inequality, including stress, decreased trust in societal institutions, and the erosion of social bonds, emphasizing the need for policies that address both the economic and psychological facets of inequality.

Engaging the public in economic initiatives requires strategies that account for psychological factors influencing public perception and behavior. Economic psychology suggests that transparency, effective communication, and the inclusion of psychological well-being in policy considerations can enhance public engagement and support. By leveraging insights into how individuals perceive and react to economic policies, policymakers can foster a more informed and cooperative public response to economic challenges.

The realm of economic psychology offers invaluable insights into the psychological aspects of economic behavior, shedding light on the nuanced interplay between human psychology and economic activities. Through a deeper understanding of behavioral economics, consumer behavior, and the psychological impacts of economic policies, research in economic psychology provides a foundation for interventions and strategies that enhance financial decision-making, consumer satisfaction, and the efficacy of economic policies. As we continue to navigate complex economic landscapes, the contributions of economic psychology will remain essential in crafting approaches that consider the full spectrum of human behavior in economic contexts.

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Economic Psychology

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Economic psychology in the Department of Psychological and Behavioural Science (PBS) brings together experts in social psychology and behavioural science who seek to understand and shape economic behaviours. Researchers in this field bring multidisciplinary expertise - along with cutting-edge research techniques such as Subjective-Evidence Based Ethnography (SEBE) that have paved the way for understanding human behaviour and perspective taking  in context  - to address some of the pressing issues in the world today, including ethical consumption, digital and smartphone use and behaviour change. 

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Our research is anchored in a shared evidence-based approach that is theoretically informed and policy relevant.

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Areas of expertise:  Consumer psychology; economic psychology; embodied cognition public health; social neuroscience.

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How Does Psychology Contribute to Economics?

• By Jeff Cockrell
• October 23, 2017
• CBR - Economics
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Economic models often give people credit for being what may seem at a glance an unexceptional thing: fully rational beings pursuing our own self-interest. But as psychologists, such as 2002 Nobel laureate Daniel Kahneman, and behavioral economists, such as 2017 laureate Richard H. Thaler , have pointed out, an assortment of biases, heuristics, and other factors often move us to behave in ways that seem distinctly irrational. Can social science’s understanding of how humans think and act be used to predict how markets will behave?

Chicago Booth’s Initiative on Global Markets polled its panels of economic experts on that question, and the answer was a resounding ‘yes.’ North American respondents were unanimous in agreement that “Insights from psychology about individual behavior . . . predict several important types of observed market outcomes that fully rational economic models do not.” Among the IGM’s European panel of experts , no respondents disagreed with the statement, though some expressed uncertainty or had no opinion about its accuracy.

Although the responses tended to affirm the predictive power of behavioral economics, members of both panels reiterated that fully rational models still have an important place in economics. Pol Antras  of Harvard, who agreed with the statement, added, “Still, models with fully rational agents provide a perfectly good approximation for explaining many market outcomes!”

North American panel

Robert Hall , Stanford “This type of behavior is common for isolated decisions, such as taking out a mortgage. People do better with frequently made decisions.” Response: Agree

Larry Samuelson , Yale “Insights from psychology are important, but fully rational models still exhibit an unparalleled mix of parsimony and predictive power.” Response: Agree

Richard H. Thaler , Chicago Booth “Almost chose ‘uncertain’ just to mess with the organizers.” Response: Strongly Agree

European panel

Franklin Allen , Imperial College London “I think this is true in many markets. In financial markets it may be less true because of the money at stake but they matter there too.” Response: Strongly Agree

Lubos Pastor , Chicago Booth “Psychology can be useful, but most puzzling phenomena can also be explained by rational models. What you mean by rationality matters.” Response: Uncertain

Rafael Repullo , Centro de Estudios Monetarios y Financieros “Still, as forcefully argued by Steve Ross, fully rational economic models can go a long way to explain many of these market outcomes.” Response: Agree

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ECON0068: Topics in Economics and Psychology

Standard economics has been the subject of many critiques. Mainstream economic models and analysis rely on behavioral assumptions that are often difficult to justify from an introspective viewpoint, but also considering the large body of experimental evidence. Recent years have witnessed a flurry of alternative modeling approaches. The course will present some of them, with the hope of stimulating new research, both theoretical and applied. We will examine economic models in which decision makers have a richer psychology than prescribed by textbook models: their preferences will be subtler and more complex than conventionally assumed, and their cognitive abilities will not be limitless.

Part I: Behavioral industrial organization (delivered by Ran Spiegler)

This part is devoted to the growing field often referred to as "behavioral industrial organization". We will examine market models in which profit-maximizing

firms interact with consumers who depart from the standard rational-choice model in

various dimensions: (i) their ability to evaluate and compare complex market alternatives will be limited; (ii) their preferences will be dynamically inconsistent and/or reference-dependent, and their ability to predict their future preferences may be limited. This alternative view of consumer behavior generates a variety of novel theoretical questions related to the field of Industrial Organization: Can we explain pricing and marketing phenomena as the outcome of such an interaction between rational firms and boundedly rational consumers? To what extent are boundedly rational consumers vulnerable to market exploitation? Does market competition protect them from being exploited? What is the role of regulatory responses such as consumer protection? This part will hopefully stimulate further study into various fields: industrial organization (both theoretical and empirical), regulation and consumer protection, choice theory and contract theory.

Part II: Bounded rationality in strategic contexts (delivered by Philippe Jehiel)

The modern approach to solution concepts in games is by a learning story. Players may have wrong expectations (either about the opponent’s play or about the assessment of their own strategy) to start with, but as experience accumulates, expectations should get closer to the truth: if agents' behavior stabilizes, it should correspond to equilibrium play. However, this view (at least applied in a strict sense) seems less plausible in complex games. Think of chess. Predicting what the opponent will do in more than a few steps ahead is impractical. Knowing or learning the value of a board position is impossible (for most positions), even for the best chess players. These considerations suggest a need to develop new models of bounded rationality, which may applied to various economic fields of inquiry such as macroeconomics, industrial organization or finance.

Throughout the course, we aim to maintain the tradition of microeconomic theory, with its emphasis on careful modeling and logical deduction, while incorporating elements of bounded rationality / behavioral economics. While our orientation is theoretical, it is the nature of this subject that the distance from theory to application can be very short. Therefore, we recommend this course to students with a taste for theory but also for students who are curious about how to introduce novel elements of bounded rationality / behavioral economics into "applied" fields as diverse as industrial organization, labor economics, public finance, macroeconomics and financial economics.

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61 intriguing psychology research topics to explore

Last updated

11 January 2024

Reviewed by

Brittany Ferri, PhD, OTR/L

Psychology is an incredibly diverse, critical, and ever-changing area of study in the medical and health industries. Because of this, it’s a common area of study for students and healthcare professionals.

We’re walking you through picking the perfect topic for your upcoming paper or study. Keep reading for plenty of example topics to pique your interest and curiosity.

• How to choose a psychology research topic

Exploring a psychology-based topic for your research project? You need to pick a specific area of interest to collect compelling data. 

Use these tips to help you narrow down which psychology topics to research:

Focus on a particular area of psychology

The most effective psychological research focuses on a smaller, niche concept or disorder within the scope of a study. 

Psychology is a broad and fascinating area of science, including everything from diagnosed mental health disorders to sports performance mindset assessments. 

This gives you plenty of different avenues to explore. Having a hard time choosing? Check out our list of 61 ideas further down in this article to get started.

Read the latest clinical studies

Once you’ve picked a more niche topic to explore, you need to do your due diligence and explore other research projects on the same topic. 

This practice will help you learn more about your chosen topic, ask more specific questions, and avoid covering existing projects. 

For the best results, we recommend creating a research folder of associated published papers to reference throughout your project. This makes it much easier to cite direct references and find inspiration down the line.

Find a topic you enjoy and ask questions

Once you’ve spent time researching and collecting references for your study, you finally get to explore. 

Whether this research project is for work, school, or just for fun, having a passion for your research will make the project much more enjoyable. (Trust us, there will be times when that is the only thing that keeps you going.) 

Now you’ve decided on the topic, ask more nuanced questions you might want to explore. 

If you can, pick the direction that interests you the most to make the research process much more enjoyable.

• 61 psychology topics to research in 2024

Need some extra help starting your psychology research project on the right foot? Explore our list of 61 cutting-edge, in-demand psychology research topics to use as a starting point for your research journey.

• Psychology research topics for university students

As a university student, it can be hard to pick a research topic that fits the scope of your classes and is still compelling and unique. 

Here are a few exciting topics we recommend exploring for your next assigned research project:

Mental health in post-secondary students

Seeking post-secondary education is a stressful and overwhelming experience for most students, making this topic a great choice to explore for your in-class research paper. 

Examples of post-secondary mental health research topics include:

Student mental health status during exam season

Mental health disorder prevalence based on study major

The impact of chronic school stress on overall quality of life

The impacts of cyberbullying

Cyberbullying can occur at all ages, starting as early as elementary school and carrying through into professional workplaces. 

Examples of cyberbullying-based research topics you can study include:

The impact of cyberbullying on self-esteem

Common reasons people engage in cyberbullying 

Cyberbullying themes and commonly used terms

Cyberbullying habits in children vs. adults

The long-term effects of cyberbullying

• Clinical psychology research topics

If you’re looking to take a more clinical approach to your next project, here are a few topics that involve direct patient assessment for you to consider:

Chronic pain and mental health

Living with chronic pain dramatically impacts every aspect of a person’s life, including their mental and emotional health. 

Here are a few examples of in-demand pain-related psychology research topics:

The connection between diabetic neuropathy and depression

Neurological pain and its connection to mental health disorders

Efficacy of meditation and mindfulness for pain management

The long-term effects of insomnia

Insomnia is where you have difficulty falling or staying asleep. It’s a common health concern that impacts millions of people worldwide. 

This is an excellent topic because insomnia can have a variety of causes, offering many research possibilities. 

Here are a few compelling psychology research topics about insomnia you could investigate:

The prevalence of insomnia based on age, gender, and ethnicity

Insomnia and its impact on workplace productivity

The connection between insomnia and mental health disorders

Efficacy and use of melatonin supplements for insomnia

The risks and benefits of prescription insomnia medications

Lifestyle options for managing insomnia symptoms

The efficacy of mental health treatment options

Management and treatment of mental health conditions is an ever-changing area of study. If you can witness or participate in mental health therapies, this can make a great research project. 

Examples of mental health treatment-related psychology research topics include:

The efficacy of cognitive behavioral therapy (CBT) for patients with severe anxiety

The benefits and drawbacks of group vs. individual therapy sessions

Music therapy for mental health disorders

Electroconvulsive therapy (ECT) for patients with depression 

• Controversial psychology research paper topics

If you are looking to explore a more cutting-edge or modern psychology topic, you can delve into a variety of controversial and topical options:

The impact of social media and digital platforms

Ever since access to internet forums and video games became more commonplace, there’s been growing concern about the impact these digital platforms have on mental health. 

Examples of social media and video game-related psychology research topics include:

The effect of edited images on self-confidence

How social media platforms impact social behavior

Video games and their impact on teenage anger and violence

Digital communication and the rapid spread of misinformation

The development of digital friendships

Psychotropic medications for mental health

In recent years, the interest in using psychoactive medications to treat and manage health conditions has increased despite their inherently controversial nature. 

Examples of psychotropic medication-related research topics include:

The risks and benefits of using psilocybin mushrooms for managing anxiety

The impact of marijuana on early-onset psychosis

Childhood marijuana use and related prevalence of mental health conditions

Ketamine and its use for complex PTSD (C-PTSD) symptom management

The effect of long-term psychedelic use and mental health conditions

• Mental health disorder research topics

As one of the most popular subsections of psychology, studying mental health disorders and how they impact quality of life is an essential and impactful area of research. 

While studies in these areas are common, there’s always room for additional exploration, including the following hot-button topics:

Anxiety and depression disorders

Anxiety and depression are well-known and heavily researched mental health disorders. 

Despite this, we still don’t know many things about these conditions, making them great candidates for psychology research projects:

Social anxiety and its connection to chronic loneliness

C-PTSD symptoms and causes

The development of phobias

Obsessive-compulsive disorder (OCD) behaviors and symptoms

Depression triggers and causes

Self-care tools and resources for depression

The prevalence of anxiety and depression in particular age groups or geographic areas

Bipolar disorder

Bipolar disorder is a complex and multi-faceted area of psychology research. 

Use your research skills to learn more about this condition and its impact by choosing any of the following topics:

Early signs of bipolar disorder

The incidence of bipolar disorder in young adults

The efficacy of existing bipolar treatment options

Bipolar medication side effects

Cognitive behavioral therapy for people with bipolar 

Schizoaffective disorder

Schizoaffective disorder is often stigmatized, and less common mental health disorders are a hotbed for new and exciting research. 

Here are a few examples of interesting research topics related to this mental health disorder:

The prevalence of schizoaffective disorder by certain age groups or geographic locations

Risk factors for developing schizoaffective disorder

The prevalence and content of auditory and visual hallucinations

Alternative therapies for schizoaffective disorder

• Societal and systematic psychology research topics

Modern society’s impact is deeply enmeshed in our mental and emotional health on a personal and community level. 

Here are a few examples of societal and systemic psychology research topics to explore in more detail:

Access to mental health services

While mental health awareness has risen over the past few decades, access to quality mental health treatment and resources is still not equitable. 

This can significantly impact the severity of a person’s mental health symptoms, which can result in worse health outcomes if left untreated. 

Explore this crucial issue and provide information about the need for improved mental health resource access by studying any of the following topics:

Rural vs. urban access to mental health resources

Access to crisis lines by location

Wait times for emergency mental health services

Inequities in mental health access based on income and location

Insurance coverage for mental health services

Systemic racism and mental health

Societal systems and the prevalence of systemic racism heavily impact every aspect of a person’s overall health.

Researching these topics draws attention to existing problems and contributes valuable insights into ways to improve access to care moving forward.

Examples of systemic racism-related psychology research topics include: 

Access to mental health resources based on race

The prevalence of BIPOC mental health therapists in a chosen area

The impact of systemic racism on mental health and self-worth

Racism training for mental health workers

The prevalence of mental health disorders in discriminated groups

LGBTQIA+ mental health concerns

Research about LGBTQIA+ people and their mental health needs is a unique area of study to explore for your next research project. It’s a commonly overlooked and underserved community.

Examples of LGBTQIA+ psychology research topics to consider include:

Mental health supports for queer teens and children

The impact of queer safe spaces on mental health

The prevalence of mental health disorders in the LGBTQIA+ community

The benefits of queer mentorship and found family

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500+ Economics Research Topics

Economics is a vast and fascinating field that explores how individuals, businesses, and governments make decisions about the allocation of resources. As such, it provides a wealth of research opportunities for those interested in understanding and analyzing the complexities of modern society. From macroeconomic issues such as globalization and monetary policy, to microeconomic topics such as consumer behavior and market competition, there are numerous research topics that economists can investigate. In this post, we will explore some of the most interesting and relevant economics research topics that are shaping our world today.

Economics Research Topics

Economics Research Topics are as follows:

• The impact of technological change on income inequality.
• An analysis of the relationship between exchange rates and foreign direct investment.
• The effects of tax incentives on small business growth and development.
• The determinants of economic growth in developing countries.
• The impact of globalization on economic growth and development.
• An analysis of the effects of the minimum wage on employment and poverty.
• The role of central banks in managing inflation and economic stability.
• An investigation into the factors influencing consumer behavior and spending.
• An analysis of the impact of trade liberalization on economic growth.
• The effects of income inequality on social welfare and economic stability.
• The role of international trade in economic development.
• An investigation into the relationship between education and economic growth.
• An analysis of the effects of corruption on economic growth and development.
• The impact of the gig economy on employment and wages.
• An investigation into the causes and consequences of financial crises.
• The role of innovation in economic growth and development.
• An analysis of the impact of government spending on economic growth.
• The effects of globalization on the environment.
• The impact of climate change on economic growth and development.
• An investigation into the determinants of poverty and inequality.
• The role of entrepreneurship in economic growth and development.
• An analysis of the effects of monetary policy on economic growth and stability.
• The impact of immigration on labor markets and economic growth.
• An investigation into the factors influencing international trade flows.
• An analysis of the effects of foreign aid on economic development.
• The role of financial intermediaries in economic development.
• An investigation into the causes and consequences of income inequality.
• The impact of trade agreements on economic growth and development.
• An analysis of the effects of government regulation on business and economic growth.
• The role of technology transfer in economic development.
• An investigation into the effects of economic sanctions on trade and economic growth.
• The impact of population growth on economic development.
• An analysis of the effects of infrastructure investment on economic growth.
• The role of natural resources in economic development.
• An investigation into the effects of labor market policies on economic growth and employment.
• The impact of financial innovation on economic growth and stability.
• An analysis of the effects of income tax policy on economic growth and income distribution.
• The role of social capital in economic development.
• An investigation into the impact of economic policies on international trade.
• The effects of financial liberalization on economic growth and stability.
• The impact of urbanization on economic development.
• An analysis of the effects of international migration on labor markets and economic growth.
• The role of institutions in economic development.
• An investigation into the effects of exchange rate volatility on international trade.
• The impact of demographic change on economic growth and development.
• An analysis of the effects of government debt on economic growth and stability.
• The role of foreign investment in economic development.
• An investigation into the effects of labor market flexibility on economic growth and employment.
• The impact of intellectual property rights on innovation and economic growth.
• An analysis of the effects of economic inequality on social mobility and economic growth.
• The impact of COVID-19 on the global economy.
• The role of financial markets in economic growth.
• The effectiveness of monetary policy in stabilizing the economy.
• The relationship between income inequality and economic growth.
• The impact of government regulations on business activity.
• The role of technology in shaping the future of the economy.
• The effect of globalization on the labor market.
• The impact of trade policy on economic growth.
• The relationship between education and economic growth.
• The effectiveness of fiscal policy in stimulating economic growth.
• The impact of immigration on the labor market.
• The effect of tax policy on economic growth.
• The role of entrepreneurship in economic development.
• The impact of environmental regulations on economic growth.
• The effect of international capital flows on the economy.
• The relationship between innovation and economic growth.
• The impact of demographic changes on the economy.
• The role of infrastructure investment in economic growth.
• The effect of monetary policy on income inequality.
• The impact of government debt on economic growth.
• The relationship between corruption and economic growth.
• The effect of globalization on income inequality.
• The impact of education on income inequality.
• The role of social welfare programs in reducing poverty.
• The effect of minimum wage laws on the labor market.
• The impact of health care policy on economic growth.
• The relationship between energy prices and economic growth.
• The effect of government subsidies on business activity.
• The impact of exchange rate fluctuations on trade.
• The role of financial innovation in economic development.
• The effect of social media on consumer behavior.
• The impact of consumer confidence on economic growth.
• The relationship between economic growth and political stability.
• The effect of demographic changes on income inequality.
• The impact of government spending on economic growth.
• The role of labor unions in the labor market.
• The effect of natural disasters on the economy.
• The relationship between economic growth and environmental sustainability.
• The effect of corporate social responsibility on business activity.
• The impact of intellectual property rights on innovation.
• The effect of cultural differences on business activity.
• The impact of financial crises on the economy.
• The relationship between economic growth and health outcomes.
• The effect of government corruption on economic growth.
• The impact of demographic changes on the labor market.
• The effect of foreign aid on economic growth.
• The impact of technological change on the labor market.
• The effect of monetary policy on income distribution.
• The impact of trade agreements on economic growth
• The effect of corruption on economic development
• The relationship between financial development and economic growth
• The impact of foreign aid on economic growth in developing countries
• The role of innovation in promoting economic growth
• The impact of globalization on income inequality
• The relationship between inflation and economic growth
• The role of natural resources in economic development
• The impact of government expenditure on economic growth
• The relationship between income distribution and economic growth
• The impact of monetary policy on economic growth
• The role of education in promoting economic growth
• The impact of entrepreneurship on economic development
• The relationship between taxation and economic growth
• The impact of infrastructure on economic growth
• The role of international trade in economic development
• The impact of fiscal policy on economic growth
• The relationship between financial liberalization and economic growth
• The impact of economic integration on economic growth
• The role of institutions in promoting economic development
• The impact of foreign direct investment on economic growth
• The relationship between inequality and economic growth
• The impact of social welfare programs on economic growth
• The role of technology in promoting economic growth
• The impact of political instability on economic growth
• The relationship between corruption and economic growth
• The impact of labor market policies on economic growth
• The role of human capital in promoting economic development
• The impact of health care on economic growth
• The relationship between exchange rates and economic growth
• The impact of foreign trade on income distribution
• The role of entrepreneurship in economic development
• The impact of environmental policies on economic growth
• The relationship between foreign aid and poverty reduction
• The impact of financial sector reforms on economic growth
• The role of social capital in promoting economic development
• The impact of regional integration on economic growth
• The relationship between public investment and economic growth
• The impact of monetary policy on income distribution
• The role of international migration in economic development
• The impact of labor market flexibility on economic growth
• The relationship between trade and technology transfer
• The impact of institutional quality on economic growth
• The role of financial sector development in promoting economic growth
• The impact of regional inequality on economic growth
• The relationship between education and poverty reduction
• The impact of foreign debt on economic growth
• The role of social protection in promoting economic development
• The impact of energy policies on economic growth
• The relationship between foreign trade and environmental sustainability
• The impact of international trade on income inequality.
• The relationship between public debt and economic growth.
• The effect of tax policy on international capital flows.
• The impact of government subsidies on technological innovation.
• The role of financial development in reducing poverty.
• The effect of regulation on market structure.
• The impact of globalization on financial stability.
• The relationship between financial development and income inequality.
• The effect of fiscal policy on long-term economic growth.
• The impact of financial frictions on business cycles.
• The role of international capital flows in financial crises.
• The effect of natural resource abundance on economic growth.
• The impact of fiscal decentralization on economic growth.
• The relationship between institutions and economic growth.
• The effect of financial innovation on market efficiency.
• The impact of international migration on the labor market.
• The role of corporate governance in firm performance.
• The effect of monetary policy on the housing market.
• The impact of environmental policy on the energy sector.
• The effect of competition policy on market outcomes.
• The impact of technology adoption on productivity.
• The effect of regulation on consumer welfare.
• The impact of trade policy on export performance.
• The relationship between social capital and economic growth.
• The effect of labor market institutions on the gender wage gap.
• The impact of financial liberalization on economic growth.
• The role of human capital in technological innovation.
• The effect of trade openness on innovation.
• The impact of natural disasters on economic growth.
• The relationship between inequality and economic growth.
• The effect of exchange rate volatility on international trade.
• The impact of banking regulation on financial stability.
• The role of venture capital in financing innovation.
• The effect of regional trade agreements on economic growth.
• The impact of financial development on economic growth in emerging markets.
• The relationship between government spending and economic growth.
• The effect of monetary policy on credit markets.
• The impact of innovation on firm performance.
• The role of social networks in job search and labor market outcomes.
• The effect of international capital flows on income inequality.
• The impact of natural resource dependence on political instability.
• The relationship between financial development and income mobility.
• The effect of tax competition on fiscal policy.
• The impact of labor market institutions on unemployment.
• The role of infrastructure investment in economic development.
• The effect of monetary policy on financial market volatility.
• The impact of fiscal policy on income redistribution.
• The role of digital currencies in the future of finance.
• The effects of the gig economy on labor markets.
• The impact of artificial intelligence on economic growth.
• The relationship between climate change and economic growth.
• The role of blockchain technology in supply chain management.
• The effects of automation on the labor market.
• The impact of E-commerce on traditional retail industries.
• The relationship between social media and consumer behavior.
• The role of data analytics in business decision-making.
• The effects of globalization on income inequality.
• The impact of digital platforms on the sharing economy.
• The relationship between education and economic growth in the digital age.
• The role of fintech in financial inclusion.
• The effects of trade policies on global supply chains.
• The impact of corporate social responsibility on business performance.
• The relationship between immigration and economic growth.
• The role of venture capital in stimulating innovation and economic growth.
• The effects of the circular economy on sustainable development.
• The impact of cybersecurity threats on the global economy.
• The relationship between gender inequality and economic growth.
• The role of green finance in promoting sustainable development.
• The effects of automation on income inequality.
• The impact of the sharing economy on traditional business models.
• The relationship between human capital and economic growth.
• The role of technology transfer in international trade.
• The effects of regulatory frameworks on innovation.
• The impact of government policies on the growth of start-up companies.
• The role of venture philanthropy in social entrepreneurship.
• The effects of digital disruption on the financial services industry.
• The impact of the circular economy on job creation.
• The relationship between health outcomes and economic growth.
• The role of impact investing in social and environmental sustainability.
• The effects of trade agreements on the global economy.
• The impact of entrepreneurship on economic growth.
• The relationship between innovation and income inequality.
• The role of corporate governance in sustainable business practices.
• The effects of immigration policies on labor market outcomes.
• The impact of international capital flows on economic development.
• The relationship between corporate social responsibility and financial performance.
• The role of innovation clusters in regional economic development.
• The effects of digitalization on productivity.
• The impact of the sharing economy on urban development.
• The relationship between social entrepreneurship and economic growth.
• The role of government policies in promoting sustainable development.
• The effects of demographic changes on the economy.
• The impact of digitalization on economic development in developing countries.
• The relationship between consumer behavior and sustainability.
• The role of private equity in stimulating economic growth.
• The impact of government spending on economic growth
• The effects of minimum wage laws on employment and poverty rates
• The role of government subsidies in promoting renewable energy adoption
• The impact of trade liberalization on economic growth and income inequality
• The effectiveness of monetary policy in managing inflation and unemployment
• The determinants of foreign direct investment flows in emerging markets
• The role of financial markets in economic development
• The impact of globalization on the labor market
• The effects of tax policies on economic growth and income distribution
• The role of human capital in economic growth and development
• The economics of climate change and the environment
• The effects of population aging on economic growth and social welfare
• The impact of social safety net programs on poverty reduction
• The effects of corruption on economic development and political stability
• The impact of technological innovation on labor market outcomes
• The economics of healthcare policy and healthcare markets
• The determinants of entrepreneurship and small business success
• The effects of income inequality on economic growth and social welfare
• The economics of urbanization and regional development
• The role of foreign aid in promoting economic development
• The impact of fiscal policy on economic growth and government debt
• The effects of financial regulation on economic stability and growth
• The economics of education policy and school choice
• The determinants of consumer behavior and market outcomes
• The role of multinational corporations in the global economy
• The effects of immigration on labor markets and economic growth
• The impact of monetary policy on financial markets and stability
• The economics of natural resource management and conservation
• The determinants of industrial competitiveness and productivity
• The effects of trade policies on economic growth and regional integration
• The role of institutional quality in economic development
• The impact of technological change on income inequality
• The economics of innovation and intellectual property rights
• The effects of financial globalization on emerging markets
• The role of infrastructure investment in promoting economic development
• The impact of exchange rate policies on international trade and investment
• The determinants of consumer credit and debt behavior
• The effects of social media and online platforms on market competition
• The role of international organizations in global economic governance
• The impact of natural disasters on economic development and poverty
• The economics of gender inequality and discrimination
• The effects of government regulation on business behavior and market outcomes
• The role of behavioral economics in understanding market behavior
• The impact of public investment on economic growth and social welfare
• The determinants of household saving and investment behavior
• The economics of renewable energy and clean technology adoption
• The effects of economic sanctions on international trade and investment
• The role of information and communication technologies in economic development
• The impact of globalization on income distribution and poverty
• The economics of international migration and remittances.
• The effects of income inequality on economic development
• An analysis of the efficiency of market structures in different industries
• The role of technology in economic growth and development
• The impact of international trade on economic development
• An investigation into the determinants of inflation
• The effects of labor market regulations on employment and productivity
• An analysis of the relationship between economic growth and environmental sustainability
• The role of institutions in economic development
• The impact of foreign aid on economic development
• The effects of taxation on economic growth
• An investigation into the factors that contribute to economic fluctuations
• The effects of globalization on income distribution
• The impact of education on economic growth and development
• The role of infrastructure in economic development
• The effects of trade liberalization on economic growth
• An analysis of the impact of exchange rates on trade and investment
• The relationship between innovation and economic growth
• The impact of government policies on the agricultural sector
• The effects of corruption on economic development
• An investigation into the effects of demographic changes on economic growth
• The impact of financial crisis on economic growth
• The effects of foreign direct investment on economic growth
• An analysis of the effects of natural resources on economic development
• The impact of healthcare on economic growth
• The effects of international migration on the economy
• The relationship between poverty and economic development
• The role of infrastructure in promoting economic growth
• An investigation into the effects of regional economic integration
• The impact of foreign trade on economic development
• The effects of government regulation on economic growth
• An analysis of the role of technology in improving economic efficiency
• The impact of population growth on economic development
• The effects of government spending on income inequality
• The role of the financial system in economic growth
• The impact of energy policies on economic development
• An investigation into the effects of intellectual property rights on economic growth
• The effects of trade on labor markets
• The role of social capital in economic development
• The effects of regional inequality on economic development
• An analysis of the impact of financial market development on economic growth
• The impact of international trade on technological progress
• The effects of financial regulation on economic growth
• The role of institutions in promoting entrepreneurship
• The impact of healthcare policies on economic growth
• An investigation into the effects of income redistribution on economic growth.

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50+ Research Topics for Psychology Papers

How to Find Psychology Research Topics for Your Student Paper

Kendra Cherry, MS, is a psychosocial rehabilitation specialist, psychology educator, and author of the "Everything Psychology Book."

Steven Gans, MD is board-certified in psychiatry and is an active supervisor, teacher, and mentor at Massachusetts General Hospital.

• Specific Branches of Psychology
• Topics Involving a Disorder or Type of Therapy
• Human Cognition
• Human Development
• Critique of Publications
• Famous Experiments
• Historical Figures
• Specific Careers
• Case Studies
• Literature Reviews
• Your Own Study/Experiment

Are you searching for a great topic for your psychology paper ? Sometimes it seems like coming up with topics of psychology research is more challenging than the actual research and writing. Fortunately, there are plenty of great places to find inspiration and the following list contains just a few ideas to help get you started.

Finding a solid topic is one of the most important steps when writing any type of paper. It can be particularly important when you are writing a psychology research paper or essay. Psychology is such a broad topic, so you want to find a topic that allows you to adequately cover the subject without becoming overwhelmed with information.

I can always tell when a student really cares about the topic they chose; it comes through in the writing. My advice is to choose a topic that genuinely interests you, so you’ll be more motivated to do thorough research.

In some cases, such as in a general psychology class, you might have the option to select any topic from within psychology's broad reach. Other instances, such as in an  abnormal psychology  course, might require you to write your paper on a specific subject such as a psychological disorder.

As you begin your search for a topic for your psychology paper, it is first important to consider the guidelines established by your instructor.

Research Topics Within Specific Branches of Psychology

The key to selecting a good topic for your psychology paper is to select something that is narrow enough to allow you to really focus on the subject, but not so narrow that it is difficult to find sources or information to write about.

One approach is to narrow your focus down to a subject within a specific branch of psychology. For example, you might start by deciding that you want to write a paper on some sort of social psychology topic. Next, you might narrow your focus down to how persuasion can be used to influence behavior .

Other social psychology topics you might consider include:

• Prejudice and discrimination (i.e., homophobia, sexism, racism)
• Social cognition
• Person perception
• Social control and cults
• Persuasion, propaganda, and marketing
• Attraction, romance, and love
• Nonverbal communication
• Prosocial behavior

Psychology Research Topics Involving a Disorder or Type of Therapy

Exploring a psychological disorder or a specific treatment modality can also be a good topic for a psychology paper. Some potential abnormal psychology topics include specific psychological disorders or particular treatment modalities, including:

• Eating disorders
• Borderline personality disorder
• Seasonal affective disorder
• Schizophrenia
• Antisocial personality disorder
• Profile a  type of therapy  (i.e., cognitive-behavioral therapy, group therapy, psychoanalytic therapy)

Topics of Psychology Research Related to Human Cognition

Some of the possible topics you might explore in this area include thinking, language, intelligence, and decision-making. Other ideas might include:

• False memories
• Speech disorders
• Problem-solving

Topics of Psychology Research Related to Human Development

In this area, you might opt to focus on issues pertinent to  early childhood  such as language development, social learning, or childhood attachment or you might instead opt to concentrate on issues that affect older adults such as dementia or Alzheimer's disease.

Some other topics you might consider include:

• Language acquisition
• Media violence and children
• Learning disabilities
• Gender roles
• Child abuse
• Prenatal development
• Parenting styles
• Aspects of the aging process

Do a Critique of Publications Involving Psychology Research Topics

One option is to consider writing a critique paper of a published psychology book or academic journal article. For example, you might write a critical analysis of Sigmund Freud's Interpretation of Dreams or you might evaluate a more recent book such as Philip Zimbardo's  The Lucifer Effect: Understanding How Good People Turn Evil .

Professional and academic journals are also great places to find materials for a critique paper. Browse through the collection at your university library to find titles devoted to the subject that you are most interested in, then look through recent articles until you find one that grabs your attention.

Topics of Psychology Research Related to Famous Experiments

There have been many fascinating and groundbreaking experiments throughout the history of psychology, providing ample material for students looking for an interesting term paper topic. In your paper, you might choose to summarize the experiment, analyze the ethics of the research, or evaluate the implications of the study. Possible experiments that you might consider include:

• The Milgram Obedience Experiment
• The Stanford Prison Experiment
• The Little Albert Experiment
• Pavlov's Conditioning Experiments
• The Asch Conformity Experiment
• Harlow's Rhesus Monkey Experiments

Topics of Psychology Research About Historical Figures

One of the simplest ways to find a great topic is to choose an interesting person in the  history of psychology  and write a paper about them. Your paper might focus on many different elements of the individual's life, such as their biography, professional history, theories, or influence on psychology.

While this type of paper may be historical in nature, there is no need for this assignment to be dry or boring. Psychology is full of fascinating figures rife with intriguing stories and anecdotes. Consider such famous individuals as Sigmund Freud, B.F. Skinner, Harry Harlow, or one of the many other  eminent psychologists .

Psychology Research Topics About a Specific Career

​Another possible topic, depending on the course in which you are enrolled, is to write about specific career paths within the  field of psychology . This type of paper is especially appropriate if you are exploring different subtopics or considering which area interests you the most.

In your paper, you might opt to explore the typical duties of a psychologist, how much people working in these fields typically earn, and the different employment options that are available.

Topics of Psychology Research Involving Case Studies

One potentially interesting idea is to write a  psychology case study  of a particular individual or group of people. In this type of paper, you will provide an in-depth analysis of your subject, including a thorough biography.

Generally, you will also assess the person, often using a major psychological theory such as  Piaget's stages of cognitive development  or  Erikson's eight-stage theory of human development . It is also important to note that your paper doesn't necessarily have to be about someone you know personally.

In fact, many professors encourage students to write case studies on historical figures or fictional characters from books, television programs, or films.

Psychology Research Topics Involving Literature Reviews

Another possibility that would work well for a number of psychology courses is to do a literature review of a specific topic within psychology. A literature review involves finding a variety of sources on a particular subject, then summarizing and reporting on what these sources have to say about the topic.

Literature reviews are generally found in the  introduction  of journal articles and other  psychology papers , but this type of analysis also works well for a full-scale psychology term paper.

Topics of Psychology Research Based on Your Own Study or Experiment

Many psychology courses require students to design an actual psychological study or perform some type of experiment. In some cases, students simply devise the study and then imagine the possible results that might occur. In other situations, you may actually have the opportunity to collect data, analyze your findings, and write up your results.

Finding a topic for your study can be difficult, but there are plenty of great ways to come up with intriguing ideas. Start by considering your own interests as well as subjects you have studied in the past.

Online sources, newspaper articles, books , journal articles, and even your own class textbook are all great places to start searching for topics for your experiments and psychology term papers. Before you begin, learn more about  how to conduct a psychology experiment .

What This Means For You

After looking at this brief list of possible topics for psychology papers, it is easy to see that psychology is a very broad and diverse subject. While this variety makes it possible to find a topic that really catches your interest, it can sometimes make it very difficult for some students to select a good topic.

If you are still stumped by your assignment, ask your instructor for suggestions and consider a few from this list for inspiration.

• Hockenbury, SE & Nolan, SA. Psychology. New York: Worth Publishers; 2014.
• Santrock, JW. A Topical Approach to Lifespan Development. New York: McGraw-Hill Education; 2016.

By Kendra Cherry, MSEd Kendra Cherry, MS, is a psychosocial rehabilitation specialist, psychology educator, and author of the "Everything Psychology Book."

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Psychology and the Economy

The implications of psychological research for the economy are concerned with how the knowledge and understanding gained from psychological research (theories and studies) may contribute towards our economic prosperity. For example, if more effective treatments can be developed for psychological health problems then this means that people will be able to return to work and this reduces the burden on the employers, NHS and taxpayer.

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From economic wealth to well-being: exploring the importance of happiness economy for sustainable development through systematic literature review

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The pursuit of happiness has been an essential goal of individuals and countries throughout history. In the past few years, researchers and academicians have developed a huge interest in the notion of a ‘happiness economy’ that aims to prioritize subjective well-being and life satisfaction over traditional economic indicators such as Gross Domestic Product (GDP). Over the past few years, many countries have adopted a happiness and well-being-oriented framework to re-design the welfare policies and assess environmental, social, economic, and sustainable progress. Such a policy framework focuses on human and planetary well-being instead of material growth and income. The present study offers a comprehensive summary of the existing studies on the subject, exploring how a happiness economy framework can help achieve sustainable development. For this purpose, a systematic literature review (SLR) summarised 257 research publications from 1995 to 2023. The review yielded five major thematic clusters, namely- (i) Going beyond GDP: Transition towards happiness economy, (ii) Rethinking growth for sustainability and ecological regeneration, (iii) Beyond money and happiness policy, (iv) Health, human capital and wellbeing and (v) Policy push for happiness economy. Furthermore, the study proposes future research directions to help researchers and policymakers build a happiness economy framework.

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1 Introduction

Happiness is considered the ultimate goal of human beings (Ikeda, 2010 ; Lama, 2012 ). All economic, social, environmental and political human activities are aligned towards achieving this goal. This fundamental pursuit of human life introduces a new scope of research, namely the ‘happiness economy’ (Agrawal and Sharma 2023 ). The happiness economy is an emerging economic domain wherein many countries are working to envision and implement a happiness-oriented framework by expanding how they measure economic success, which includes wellbeing and sustainability (Cook and Davíðsdóttir 2021 ; Forgeard et al., 2011 ). The investigation of happiness, life-satisfaction and subjective well-being has witnessed increasing research interest across the disciplines- from psychology, philosophy, psychiatry, and cognitive neuroscience to sociology, economics and management (Diener 1984 ; Hallberg and Kullenberg, 2019 ).

In the post-Covid era, the world seeks an enormous transformation shift in the public system (Costanza 2020 ). However, public authorities need more time to realize such needs. To experience the ‘policy transformation’ within the coming few years, we require a paradigm shift that helps warm peoples’ hearts and minds. The new economic paradigm can penetrate the policy processes in advanced economies and every part of the world affected by the epidemic with the support of intellectuals, researchers, entrepreneurs and professionals.

OECD ( 2016 ) proposed a well-being economy framework to measure living conditions and people’s well-being. In 2020, developed countries like Finland, New Zealand, Iceland, Scotland and Wales have become members of the Wellbeing Economy Government (WEGo) (Abrar 2021 ). Since then, the network of government and international authorities across the globe has gained a quick momentum concerning an increasing tendency about a growing tendency to concentrate governmental decisions around human well-being rather than wealth and economic growth (Coscieme et al. 2019 ; Costanza et al. 2020 ).

In light of these circumstances, the purpose of this article is to describe the concept of a “happiness economy” or one that seeks to give everyone fair possibilities for growth, a sense of social inclusion, and stability that can support human resilience (Coyne and Boettke 2006 ). It provides a promising route towards improved social well-being and environmental health and is oriented towards serving individuals and communities (Skul’skaya & Shirokova, 2010 ). Moreover, the happiness economy paradigm is a transition from material production and consumption of commodities and services as the only means to economic development towards embracing a considerable variety of economic, social, environmental and subjective well-being dynamics that are considered fundamental contributors to human happiness (Atkinson et al., 2012 ; King et al., 2014 ; Agrawal and Sharma 2023 ). In following so, it reflects the ‘beyond growth’ approach that empathizes with the revised concept of growth, which is not centred around an increase in income or material production; instead it is grounded in the philosophy of achieving greater happiness for more people (Fioramonti et al. 2019a ).

Whereas the other critiques of economic growth emphasize contraction, frugality and deprivation, the happiness economy relies on a cumulative approach of humanity, hope and well-being, with a perceptive to build a ‘forward-looking’ narrative of ways for humans to live a happy and motivated life by inspiring the cumulative actions and encouraging policy-reforms in the measuring growth of an economy (Stucke 2013 ). Agrawal et al. ( 2023a , b ) explore the domain of happiness economics through a review of the various trends coupled with the future directions and highlight why it needs to be supported for a well-managed economic system and a happy society.

In this paper, we define a “happiness economy as an economy that aims to achieve the well-being of individuals in a nation, promoting human happiness, environmental up-gradation, and sustainability. Alternatively, as an economy where the wellbeing of people counts more than the goals of production and income”. Moreover, we have examined the existing body of research on the happiness economy and analyzed the emerging research themes related to rethinking the conventional approach to economic growth. We conclude by discussing how the happiness economy concept has been accepted so far and realizing its importance by triggering policy reforms at the societal level, by outlining potential future directions that might be included into the current national post-growth policies.

Various researchers and experts in the field of happiness economy support the idea that there is a lack of thorough studies related to the concept, definitions, and themes of the happiness economy model in the nations. This gap has motivated us to conduct a SLR in order to identify the evolution in the domain of happiness economy and to identify the emerging themes in this context. Therefore, this present study seeks to offer a holistic outline of the emerging research area of the happiness economy and helps to understand how the happiness economy can accelerate sustainable development. With the following research questions, this study seeks to give an all-encompassing review of this subject.

What is the annual publication trend in this domain and the most contributing authors, journals, countries etc?

Which themes and upcoming research areas are present in this field?

What directions will the happiness economics study field go in the future?

The SCOPUS database was used to achieve the above research objectives. We have selected 257 articles for examination by hand-selecting the pertinent keywords and going over each one. In the methods section, a thorough explanation of the procedures for gathering, reviewing, and selecting documents is provided.

The remainder of this paper is structured as follows; A thorough survey of the literature on the happiness economy is provided in Sect.  2 . The research approach employed in the study is presented in Sect.  3 . A thorough data analysis of the research findings is given in Sect.  4 . After discussing the results in Sect.  5 , Sect.  6 suggests areas for further research in this field. The study is summarised with a conclusion in Sect.  7 . Section  8 outlines the study’s limitation.

2 Literature review

The supporters of conventional economic growth proclaim that the material production of goods and services and consumption is vital to enhancing one’s living standards. The statement is true to some degree, mainly in countries of enormous deprivation. Some studies have found significantly less correlation between growth and happiness after fulfilling minimum threshold needs (Easterlin 1995 ; Kahneman and Krueger, 2006 ; Inglehart et al., 2008 ). These studies recommend that rather than concentrating solely on economic growth, governmental policy should give priority to non-economic aspects of human existence above a particular income level. According to some researchers, it is challenging to distinguish between the use and emissions of natural resources and economic growth (absolute decoupling) because of the interdependence between socioeconomic conditions and their biophysical basis (Wiedenhofer et al. 2020 ; Wang and Su, 2019 ; Wu et al., 2018 ). However, a shred of increasing evidence shows that it could be possible for humans to maintain a quality of life and a decent standard of living inside the ecological frontier of the environment, given that a contemporary perspective on the production and use of materials are adopted in conjunction with more fair wealth distribution (Millward-Hopkins et al. 2020 ; Bengtsson et al., 2018 ; Ni et al., 2022 ).

The scholarly discourse and institutional framework on the relationship between happiness and economic progress are synthesised in the happiness economy (Frey and Gallus 2012 ; Sohn, 2010 ; Clark et al., 2016 ; Easterlin, 2015 ; Su et al., 2022 ). From a happiness economy perspective, extreme materialism is unsustainable as it significantly impacts natural resources and hinders social coherence and individuals psychological and physical well-being (Fioramonti et al. 2022a ). Additionally, inequalities within countries have grown, while psychological suffering has increased, especially during accelerated growth (Vicente 2020 ; Galbraith, 2009 ). The modern world is witnessing anxiety, depression, wars, reduction of empathy, climate change, pandemics, loss of social bonds and other psychological disorders (Brahmi et al., 2022 ; Santini et al., 2015 ).

It has been scientifically proven that cordial human relations, care-based activity, voluntary activities and the living environment immensely impact a person’s health and societal well-being (Bowler et al. 2010 ; Keniger et al., 2013 ). Ecological economists demonstrated that free ecosystem services have enhanced human well-being (Fang et al. 2022 ). Social epidemiologists have long argued that an increase in inequalities has a negative influence on society while providing equality tends to improve significant objective ways of well-being, from healthier communities to happier communities, declining hate and crime and enhancing social cohesion, productivity, unity and mutual trust (Aiyar and Ebeke 2020 ; Ferriss, 2010 ).

From moving beyond materialistic growth, the happiness economy promotes, appreciates, and protects the environmental, societal, and human capital contributions that lead to cummalative well-being. In a happiness economy framework, a multidimensional approach is needed to evaluate the level of development based on the environmental parameters, health outcomes, as well as public trust, hope, value-creating education and social bonds (Agrawal and Sharma 2023 ; Bayani et al. 2023 ; Lavrov, 2010 ). Such factors have consistently been excluded from any traditional concept or assessment of economic growth. As a result, countries have promoted more industrial activities that deteriorate the authentic ways of human well-being and, hence, the foundations of economic progress.

An excess of production can create a detrimental effect on climate and people’s health, thereby creating a negative externality for society (Fioramonti et al. 2022b ). Moderation of output may be more efficient and desirable than hyper/over-production, as the former can reduce negative environmental externalities (e.g. waste, climate change) and create positive externalities (e.g. employment of the local resources and community) (Kim et al. 2019 ; Kinman and Jones, 2008 ). Moreover, people can also be productive in other contexts outside of the workplace, such as as volunteers, business owners, artists, friends, or members of the community (Fioramonti et al. 2022a ).

Various scholars and scientific research have established that the essential contributions to happiness in one’s life are made by natural surroundings, green and blue spaces, eco-friendly environment, healthy social relations, spirituality, good health, responsible consumption and value-creating education (Helliwell et al. 2021 ; Francart et al., 2018 ; Armstrong et al., 2016 ; Gilead, 2016 ; Giannetti et al., 2015 ). Unfortunately, existing conventional growth theories have ignored all these significant contributions. For example, GDP considers natural ecosystems as economically helpful only up until they are mined and their products are traded (Carrero et al. 2020 ). The non-market benefits they generate, such as natural fertilization, soil regeneration, climate regulation, clean air and maintenance of biodiversity, are entirely ignored (Boyd 2007 ; Hirschauer et al., 2014). The quality time people spend with their families and communities for leisure, educating future generations and making a healthy communal harmony is regarded meaningless, even in the event that they are important to enhance people’s well-being and, hence, to assist any dimension of economic engagement (Griep et al. 2015 ; Agrawal et al., 2020 ). Similarly, if an economy is focusing on people’s healthy lifestyle (for example, by providing comfortable working hours, improving work-life balance, emphasizing mental health, focusing on healthy food, reducing pollution, and promoting sustainable consumption), it is not considered in sync with the growth paradigm (Roy 2021 ; Scrieciu et al., 2013; Shrivastava and Zsolnai 2022 ; Lauzon et al., 2023 ).

Among the latest reviews, Bayani et al. ( 2023 ) highlight that the economics of happiness helps reduce the country’s financial crime by providing a livelihood that reduces financial delinquency. Chen ( 2023 ) highlights that smart city performance enhances urban happiness by adopting green spaces, reusing and recycling products, and controlling pollution. The study by (Agrawal and Sharma 2023 ) proposed a conceptual framework for a happiness economy to achieve sustainability by going beyond GDP. Similarly, Fioramonti et al. ( 2019b ) explored going beyond GDP for a transition towards a happy and well-being economy. The article by Laurent et al. ( 2022 ) has intensively reviewed the well-being indicators in Rome and proposed a conceptual framework for it.

Table  1 provides a thorough summary of the prior review studies about the happiness economy and its contribution to public policy and sustainable development.

3 Research methodology

In the current study, we have adopted an integrative review approach of SLR and bibliometric analysis of the academic literature to get a detailed knowledge of the study, which could also help propose future research avenues. The existing scientific production’s qualitative and quantitative context must be incorporated for a conclusive decision. The study by Meredith ( 1993 ) defines that SLR enables an “integrating several different works on the same topic, summarising the common elements, contrasting the differences, and extending the work in some fashion”. In the present study, the “Preferred Reporting Items for Systematic Reviews and Meta-Analyses” (PRISMA) is applied to perform the SLR to follow systematic and transparent steps for the research methodology, as shown in Fig.  1 . The PRISMA technique includes the identification, screening, eligibility, and exclusion criteria parts of the review process.

Additionally, examples of the data abstraction and analysis processes are provided (Mengist et al. 2020 ; Moher et al., 2015 ). The four main phases of the PRISMA process are eligibility, identification, screening, and data abstraction and analysis. Because the PRISMA technique employs sequential steps to accomplish the study’s purpose, it benefits SLR research. Moreover, the bibliometric analysis helps summarise the existing literature’s bibliographic data and determine the emerging condition of the intellectual structure and developing tendencies in the specified research domain (Dervis 2019 ).

3.1 Identification

The step to conduct the PRISMA is the identification of the relevant keywords to initiate the search for material. Next, search strings for the digital library’s search services are created using the selected keywords. The basic search query is for digital library article titles, keywords, and abstracts. Next, a Boolean AND or OR operator is used to generate the search string (Boolean combinations of the operators may also be used).

There are different search databases to conduct the review studies, such as Scopus, Sage, Web of Science, IEEE, and Google Scholar. Among all the available search databases, we have used the Scopus database to identify the articles; since 84% of the material on Web of Science (WoS) overlaps with Scopus, very few authors have addressed the benefits of adopting Scopus over WoS (Mongeon and Paul-Hus 2016 ). Scopus is widely used by academicians and researchers for quantitative analysis (Donthu et al. 2021 ). It is the biggest database of scientific research and contains citations and abstracts from peer-reviewed publications consisting of journal research articles, books and conference articles (Farooque et al., 2019 ; Dhayal et al., 2022 ; Brahmi et al., 2022 ). The following search term was used: (TITLE-ABS-KEY (“happiness economy” OR “economics of happiness” OR “happiness in economy” OR “economy of happiness” OR “economy of wellbeing” OR “wellbeing economy” OR “wellbeing in economy” OR “beyond growth”). This process yields 380 artciles in the initial phase.

3.2 Screening

The second phase is completed by all identified articles from the Scopus database obtained from the search string in the identification phase. The publications are either included or excluded throughout the screening process based on the standards established by the authors and with the aid of particular databases. Exclusion and inclusion criteria are shown during the screening phase to identify pertinent articles for the systematic review procedure. The timeline of this study’s selected articles is from 1995 to 2023. The first article related to the research domain was published in 1995. The second criterion for the inclusion includes the types of documents. In the present research, the authors have regarded only peer-reviewed journals and review articles. Other types of articles, such as books, book chapters, conference articles, notes, and editorials, are excluded to maintain the quality of the review. The third inclusion and exclusion criterion is based on language. All the non-English language documents are excluded to avoid translation confusion; hence, only the English language articles are considered for the final review. After the screening process, 297 articles are obtained.

3.3 Eligibility

Articles are manually selected or excluded depending on specific criteria specified by the authors during the eligibility process. During the elimination process, the authors excluded the articles that did not fit into the scope of review after manual screening of the articles. Two hundred fifty-seven articles were selected after the eligibility procedure. These selected articles are carefully reviewed for the study by reviewing the titles, abstracts, and standards from earlier screening processes.

3.4 Data abstraction and analysis

Analysis and abstraction of data are part of the fourth step. Finally, 257 papers were taken into account for final review. After that, the studies are culled to identify pertinent themes and subthemes for the current investigation by thoroughly reviewing each article’s text. An integrative review is a form of study that combines mixed, qualitative, and quantitative research procedures. It is carried out as shown in Fig.  1 . R-studio Bibliometrix and VOSviewer version 1.6.18 were used to evaluate the final study dataset corpus of 257 articles. Since the Bibliometrix software package is a free-source tool programmed in the R language. It is proficient of conducting comprehensive scientific mapping. It also contains several graphical and statistical features with flexible and frequent updates (Agrawal et al. 2023a , b ).

Extraction of articles and selection process

This section provides an answer to the first research question, RQ1, by indicating the main information of corpus data, research publication trends, influential prolific authors, journals, countries and most used keywords, etc. (Refer to Tables  2 , 3 and 4 ) and (Refer to Figs.  2 , 3 , 4 , 5 and 6 ).

4.1 Bibliometric analysis

Table  2 shows the relevant information gathered from the publication-related details. It presents the cognitive knowledge of the research area, for instance, details about authors, annual average publication, average citations and collaboration index. By observing the rate of document publishing, the study illustrates how much has already been done and how much remains to be investigated.

The annual publication trend is shown in Fig.  2 . It is reflected that the first article related to happiness in an economy was released in the year 1995 when (Bowling 1995 ) published the article “What things are important in people’s lives? A survey of the public’s judgements to inform scales of health related quality of life” where the article discussed “quality of life” and “happiness” as an essential component of a healthy life. Oswald ( 1997 ) brought the concept of happiness and economics together and raised questions such as “Does money buy happiness?” or “Do you think your children’s lives will be better than your own?”. Eventually, the gross national product of the past year and the coming year’s exchange rate was no longer the concern; instead, happiness as the sublime moment became more accurate (Schyns 1998 ; Easterlin, 2001; Frey and Stutzer, 2005 ). Post-2013, we can see exponential growth in the publication trend, and the reason behind the growth is the report published by the “ Stiglitz-Sen-Fitoussi” Commission, which has identified limitations of GDP and questioned the metric of wealth, economic and societal progress. The affirmed questions have gained the attention of researchers and organizations, and thus, they have explored the alternatives to GDP. As a result, the “Organization for Economic Co-operation and Development” (OECD) have proposed a wellbeing framework. Some research work has significantly impacted that time, contributing to the immense growth in this research area (Sangha et al. 2015 ; Spruk and Kešeljević, 2015 ; Nunes et al., 2016 ).

Publication trend

Table  3 shows the top prolific journals concerning the topmost publications in the domain of happiness economy for the corpus of 257 articles, namely “International Journal of Environmental Research and Public Health”, “Ecological Economics”, “Ecological Indicators”, “Sustainability” and “Journal of Cleaner Production” with 5, 4, 4,4 and 4 articles respectively (Refer to Table  4 ). Moreover, the most influential journals with maximum citations are “Nature Human Behavior”, “Quality of Life Research”, “Journal of Applied Behavior Analysis”, “Journal of Cleaner Production” and “Ecological Economics”, with 219, 205, 186, 154 and 142 citations, respectively. “Journal of Cleaner Production” and “Ecological Economics” are highly prolific and the most influential journals in the happiness economy research domain.

Table  4 shows the most influential authors. Baños, R.M. and Botella, C. are the two most contributing authors with maximum publications. For the maximum number of citations, Zheng G. and Coscieme L. are the topmost authors for their research work. The nations were sorted according to the quantity of publications, and Fig.  3 showed where the top ten countries with the highest number of publications are listed originated. It can be seen from the figure that the United Stated has contributed the maximum publications, 66, followed by the United Kingdom with 41 articles, followed by Germany with 32 articles. It is worth noting that emerging nation such as India and China have also made significant contributions.

Top ten contributing countries

Figure  4 shows semantic network analysis in which the relationships between words in individual texts are performed. In the present study, we have identified word frequency distributions and the co-occurrences of the authors’ keywords in this study. We employed co-word analysis to find repeated keywords or terms in the title, abstract, or body of a text. In Fig.  5 , the circle’s colour represents a particular cluster, and the circle’s radius indicates how frequently the words occur. The size of a keyword’s node indicates how frequently that keyword appears. The arcs connecting the nodes represent their co-occurrence in the same publication. The greater the distance between two nodes, the more often the two terms co-occur. It can be seen that “happiness” is linked with “growth” and “life satisfaction”. The nodes of “green economy”, “ecological economics”, and “climate change” are in a separate cluster that shows they are emerging areas, and future studies can explore the relationship between happiness economy with these keywords.

Co-ocurrance of author’s keyword (Author’s compilation)

4.2 Thematic map analysis through R studio

The thematic analysis map, as shown in Fig.  5 , displays, beneath the author’s keywords, the visualisation of four distinct topic typologies produced via a biblioshiny interface. The thematic map shows nine themes/clusters under four quadrants segregated in “Callon’s centrality” and “density value”. The degree of interconnectedness between networks is determined by Callon’s centrality, while Callon’s density determines the internal strength of networks. (Chen et al. 2019 ). The rectangular boxes in Fig.  5 represent the subthemes under each topic or cluster that are either directly or indirectly connected to the major themes, based on the available research. In the upper-right quadrant, four themes have appeared, namely “circular economy”, “well-being economy”, “depression”, and “sustainable development”, they fall under the category of motor themes since they are extremely pertinent to the research field, highly repetitious, and well-developed. When compared to other issues with internal linkages but few exterior relations, “urban population” in the upper-left quadrant is seen as a niche concern since it is not as significant. This cluster may have affected the urban population’s happiness (Knickel et al. 2021 ). “Social innovation” is categorised as an emerging or declining subject with low centrality and density, meaning it is peripheral and undeveloped. It is positioned in the lower-left quadrant. Last but not least, the transversal and fundamental themes “happiness economy”, “subjective well-being”, and “climate change” in the lower-right quadrant are seen to be crucial to the happiness economy study field but are still in the early stages of development. As a result, future research must place greater emphasis on the quantitative and qualitative growth of the study area in light of the key themes that have been identified.

Thematic map analysis

4.3 Science mapping through cluster analysis

In the study, science mapping was conducted to examine the interrelationship between the research domains that could be intellectual (Aria and Cuccurullo 2017 ; Donthu et al. 2021 ). It includes various techniques, such as co-authorship analysis, co-occurrence analysis, bibliographic coupling, etc. We have used R-Studio for the study’s temporal analysis by cluster analysis. To answer RQ2, the authors have performed a qualitative examination of the emerging cluster themes through the science mapping of the existing research corpus of 257 articles by performing bibliographic coupling of documents. Bibliographic coupling analysis helps identify clusters reflecting the most recent research themes in the happiness economy field to illuminate the field’s current areas of interest.

The visual presentation of science mapping relied on VoSviewer version 1.6.18 (refer to Fig.  6 ). Five significant clusters emerged in this research domain (refer to Table  5 ). Going beyond GDP: Transition towards happiness economy, rethinking growth for sustainability and ecological regeneration, beyond money and happiness policy, health, human capital and wellbeing and Policy-Push for happiness economy. A thorough examination identified cluster analyzes has also assists us in identifying potential future research proposals. (Franceschet 2009 )

4.4 Cluster 1: Going beyond GDP: transition towards happiness economy

It depicts from the green colour circles and nodes, where seven research articles were identified with a common theme of beyond GDP that can be seen in Fig.  6 . Cook and Davíðsdóttir ( 2021 ) investigated the linkages between the alternative measure of the beyond growth approach such as a well-being economy prespective and the SDGs. They proposed a conceptual model of a well-being economy consisting of four capital assets interrelated with SDGs that promote well-being goals and domains. To extend the concept of going beyond GDP, various economic well-being indicators are being aligned with the different economic, environmental, and social dimensions to target the set goals of SDG. It is found that the “Genuine Progress Indicator” (GPI) is consider as the most extensive method that covers the fourteen targets among the seventeen’s SDG’s. Cook et al. ( 2022 ) consider SDGs to represent the classical, neoclassical and growth-based economy model and as an emerging paradigm for a well-being economy. The significance of GDP is more recognized within the goals of sustainable development.

GPI is considered an alternative indicator of economic well-being. On this basis, excess consumption of high-quality energy will expand macro-economic activity, which GDP measures. For such, a conceptual exploration of the study is conducted on how pursuing “Sustainable Energy Development” (SED) that can increase the GPI results. As the study’s outcome, according to the GPI, SED will have a significant advantage in implementing energy and environment policy and will also contribute to the advancement of social and economic well-being. Coscieme et al. ( 2020a ) explored the connection between the unconditional growth of GDP and SDG. The author considered that policy coherence for sustainable development should lessen the damaging effects of cyclic manufacturing on the ecosystem. Thus, the services considered free of charge in the GDP model should be valued as a component of society. Generally, such services include ecosystem services and a myriad of “economic” functions like rainfall and carbon sequestration. To work for SDG 8, defined by the “United Nations Sustainable Development Goals” (UNSDGs), a higher GDP growth rate would eventually make it more difficult to achieve environmental targets and lessen inequality. Various guidelines were proposed to select alternative variables for SDG-8 to enhance coherence among all the SDG and other policies for sustainability.

Fioramonti et al. ( 2019a ) state their focus is to go beyond GDP toward a well-being economy rather than material output with the help of convergence reforms in policies and economic shifts. To achieve the SDG through protecting the environment, promoting equality, equitable development and sharing economy. The authors have developed the Sustainable Well-Being Index (SWBI) to consolidate the “Beyond GDP” streams as a metric of well-being matched with the objectives to achieve SDG. The indicators of well-being for an economy have enough possibility to connect current transformations in the economic policies and the economy that, generally, GDP is unable to capture.

Fioramonti et al. ( 2022a ) investigate the critical features of the Wellbeing Economy (WE), including its various parameters like work, technology, and productivity. Posting a WE framework that works for mainstream post-growth policy at the national and international levels was the study’s primary goal. The authors have focused on building a society that promotes well-being that should be empowering, adaptable, and integrative. A well-being economic model should develop new tools and indicators to monitor all ecological and human well-being contributors. A multidimensional approach including critical components for a well-being economy was proposed that creates value to re-focus on economic, societal, personal, and natural aspects. Rubio-Mozos et al. ( 2019 ) conducted in-depth interviews with Fourth Sector business leaders, entrepreneurs, and academicians to investigate the function of small and medium-sized businesses and the pressing need to update the economic model using a new measure in line with UN2030. They have proposed a network from “limits to growth” to a “sustainable well-being economy”.

4.5 Cluster 2: Rethinking growth for sustainability and ecological regeneration

Figure  6 depicts it from blue circles and nodes, wherein four papers were identified. Knickel et al. ( 2021 ) proposed an analytical approach by collecting the data from 11 European areas to examine the existing conditions, difficulties, and anticipated routes forward. The goal of the study is to define the many ideas of a sustainable well-being economy and territorial development plans that adhere to the fundamental characteristics of a well-being economy. A transition from a conventional economic viewpoint to a broader view of sustainable well-being is centred on regional development plans and shifting rural-urban interactions.

Pillay ( 2020 ) investigates the new theories of de-growth, ecosocialism, well-being and happiness economy to break the barriers of traditional economic debates by investigating ways to commercialise and subjugate the state to a society in line with non-human nature. The significant indicator of Gross National Happiness (GNH) is an alternative working indicator of development; thus, the Chinese wall between Buddha and Marx has been built. They questioned the perspective of Buddha and Marx, whether they were harmonized or became a counter-hegemonic movement. In order to determine if the happiness principle is grounded in spiritual values and aligns with the counter-hegemonic ecosocialist movement, the author examined the ecosocialist perspective. Shrivastava and Zsolnai ( 2022 ) have investigated the theoretical and practical ramifications of creative organisations for well-being rooted in the drive for a well-being economy. Wellbeing and happiness-focused economic frameworks are emerging primarily in developed countries. This new policy framework also abolishes GDP-based economic growth and prioritizes individual well-being and ecological regeneration. To understand its application and interpretation, Van Niekerk ( 2019 ) develops a conceptual framework and theoretical analysis of inclusive economics. It contributes to developing a new paradigm for economic growth, both theoretically and practically.

4.6 Cluster 3: ‘Beyond money’ and happiness policy

It depicts pink circles and nodes, wherein five articles were identified, as shown in Fig.  6 . According to Diener and Seligman ( 2004a ) economic indicators are critical in the early phases of economic growth when meeting basic requirements is the primary focus. However, as society becomes wealthier, an individual’s well-being becomes less dependent on money and more on social interactions and job satisfaction. Individuals reporting high well-being outperform those reporting low well-being in terms of income and performance. A national well-being index is required to evaluate well-being variables and shape policies systematically. Diener and Seligman ( 2018 ) propounded the ‘Beyond Money’ concept in 2004. In response to the shortcomings of GDP and economic measures, other quality-of-life indicators, such as health and education, have been created. The national account of well-being has been proposed as a common path to provide societies with an overall quality of life metric. While measuring the subjective well-being of people, the authors reasoned a societal indicator of the quality of life. In this article, the authors have proposed an economy of well-being model by combining subjective and objective measures to convince policymakers and academicians to enact policies that enhance human welfare. The well-being economy includes quality of life indicators and life satisfaction, subjective well-being and happiness.

Frey and Stutzer ( 2000 ) perceived the microeconomic well-being variables in countries. In the study, survey data was used from 6000 individuals in Switzerland and showed that the individuals are happier in developed democracies and institutions (government federalization). They analyzed the reported subjective well-being data to determine the function of federal and democratic institutions on an individual’s satisfaction with life. The study found a negative relationship between income and unemployment. Three criteria have been employed in the study to determine happiness: demographic and psychological traits, macro- and microeconomic factors, and constitutional circumstances. Thus, a new pair of determinants reflects happiness’s effect on individuals’ income, unemployment, inflation and income growth.

Happiness policy, according to Frey and Gallus ( 2013b ), is an intrinsic aspect of the democratic process in which various opinions are collected and examined. “Happiness policy” is far more critical than continuing a goal such as increasing national income and instead considered an official policy goal. The article focuses on how politicians behave differently when they believe that achieving happiness is the primary objective of policy. Frey et al. ( 2014 ) explored the three critical areas of happiness, which are positive and negative shocks on happiness, choice of comparison and its extent to derive the theoretical propositions that can be investigated in future research. It discussed the areas where a more novel and comprehensive theoretical framework is needed: comparison, adaptation, and happiness policy. Wolfgramm et al. ( 2020 ) derived a value-driven transformation framework in Māori economics of wellbeing. It contributes to a multilevel and comprehensive review of Māori economics and well-being. The framework is adopted to advance the policies and implement economies of well-being.

4.7 Cluster 4: Health, human capital and wellbeing

It is depicted as a red colour circle and nodes in Fig.  6 , and only three papers on empirical investigations were found. Laurent et al. ( 2022 ) investigated the Health-Environment Nexus report published by the “Wellbeing Economy Alliance”. In place of increased production and consumption, they suggested a comprehensive framework for human health and the environment that includes six essential paths. The six key pathways are well-being energy, sustainable food, health care, education, social cooperation and health-environment nexus. The proposed variables yield the co-benefits for the climate, health and sustainable economy. Steer clear of the false perception of trade-offs, such as balancing the economy against the environment or the need to save lives. McKinnon and Kennedy ( 2021 ) focuses on community economics of well-being that benefits entrepreneurs and employees. They investigated the interactions of four social enterprises that work for their employees inside and within the broader community. Cylus et al. ( 2020 ) proposed the opportunities and challenges in adopting the model of happiness or well-being in an economy as an alternative measure of GDP. Orekhov et al. ( 2020 ) proposed the derivation of happiness from the World Happiness Index (WHI) data to estimate the regression model for developed countries.

4.8 Cluster 5: Policy-push for happiness economy

It is depicted as an orange circle and nodes in Fig.  6 , and only five papers on empirical and review investigations were found. Oehler-Șincai et al. ( 2023 ) proposed the conceptual and practical perspective of household-income-labour dynamics for policy formulation. It discusses the measurement of well-being as a representation of various policies focusing on health, productivity, and longevity. It focuses on the role of policy in building the subjective and objective dimensions of well-being, defines the correlation between well-being, employment policies, and governance, is inclined to the well-being performance of various countries, and underscores present risks that jeopardize well-being. Musa et al. ( 2018 ) have developed a “community happiness index” by incorporating the four aspects of sustainability—economic, social, environmental, and urban governance—as well as the other sustainability domains, such as human well-being and eco-environmental well-being. From then onwards, community happiness and sustainable urban development emerged. Chernyahivska et al. ( 2020 ) developed strategies to raise the standard of living for people in countries undergoing economic transition by using the quality of life index. The methods uncovered are enhancing employment opportunities and uplifting the international labour market in urban and rural areas, prioritizing human capital, eliminating gender inequality, focusing on improving the individual’s health, and enhancing social protection. Zheng et al. ( 2019 ) investigated the livelihood and well-being index of the population that makes liveable conditions and city construction in society based on people’s happiness index. The structure of a liveable city should be emphasised on sustainable development. The growth strategy in urban areas is an essential aspect of building a liveable city. Frey and Gallus ( 2013a ) criticised the National Happiness Index as a policy goal in a country because it cannot be measured and thus fails to measure the true happiness of people. To measure real happiness, the government should establish living conditions that enable individuals to become happy. The rule of law and human rights must support the process.

The structure of a liveable city should be emphasized in sustainable development. The growth strategy in urban areas is an essential aspect of building a liveable city. Frey and Gallus ( 2013a ) criticized the National Happiness Index as a policy goal in a country because it cannot be measured and thus fails to identify the true individuals happiness. To measure real happiness, the government should establish living conditions that enable individuals to be happy. The process needs to be supported by human rights and the rule of law.

Visualization of cluster analysis

5 Discussion of findings

Concerns like the improved quality-of-life and a decent standard of living within the ecological frontier of the environment have various effects on individuals overall well-being and life satisfaction. The ‘beyond growth’ approach empathized with the revised concept of growth, which is based on the idea of maximising happiness for a larger number of people rather than being driven by a desire for financial wealth or production. In that aspect, the notion of happiness economy is designed that prioritizes serving both people and the environment over the other. This present article has focused on the beyond growth approach and towards a new economic paradigm by doing bibliometric and visual analysis on the dataset that was obtained from Scopus, helping to determine which nations, publications, and authors were most significant in this field of study.

In this field of study, developed nations have made significant contributions as compared to the developing nations. In total, 59 countries have made the substantial contribution to the beyond growth approach literature an some of them have proposed their respective national well-being economy framwework. Among 59 countries the United States and the United Kingdom have been crucial to the publishing. With the exception of five of the top 10 nations, Europe contributes the most to scientific research. The existing research shows the inclination of developed and developing countries to build a new economic paradigm that goes beyond growth by prioritizing the happiness level at individual as well as at collective level.

The most prolific journals in this research domain are the “International Journal of Environmental Research” and “Public Health” with the total publication of 5 and 4. The top two cited journals were the “ Nature Human Behavior” with 219 citations and the “Quality of Life Research” with 205 citations. Due to various economic and non-economic factors, these journals struggled to strike a balance between scientific accuracy and timeliness, and it became vital to spread accurate and logical knowledge. For, example, discussing the relationship between inequality and well-being, exploring the challenges and opportunites of happiness economy in different countries, assessing the role of health in all policies to support the transition to the well-being economy. Visualization of semantic network analysis of co-ocurrance of authors keywords from the VOSviewer showed the future research scope to explore the association between happiness economy along with green economy, climate change, spirituality and sustainability. However, in the thematic mapping, the motor themes denotes the themes that are well-developed and repetative in research, such as, well-being economy, depression, sustainable development and circular economy. The basic themes depicts the developing and transveral themes such as happiness economy, subjective well-being and climate condition. As a result, future research must place greater emphasis on the theoretical and practical expansion of the research field in view of the determined major subjects.

The present study have performed the cluster analysis to identify the emerging research themes in this domain through VOSviewer that helps to analyze the network of published documents. Based on published papers, the author can analyse the interconnected network structure with the use of cluster analysis. We have identified the top five clusters from the study. Each cluster denote the specific and defined theme of the research in this domain. In cluster 1, the majorly of the authors are working in the area of going beyond GDP and transition towards happiness economy, which consists of empirical and review studies. Cluster 2 represents that authors are exploring the relationship between rethinking growth for sustainability and ecological regeneration to evaluate the transition from a conventional economic thought to a broader view of sustainable well-being which is centred on regional development plans and shifting rural-urban interactions. In cluster 3, the authors are exploring the beyond money and happiness policy themes and identified the shortcomings of GDP and economic measures, other quality-of-life indicators, such as health and education. They have proposed the well-being index to evaluate the well-being variables and shape socio-economic policies systematically. The authors have proposed an economy of well-being model by combining subjective and objective measures to convince policymakers and academicians to enact policies that enhance human welfare. The well-being economy includes quality of life indicators and life satisfaction, subjective well-being and happiness. In cluster 4, the authors are working of related theme of Health, human capital and wellbeing, whereby they have put up a comprehensive framework for health and the environment that includes several important avenues for prioritising human and ecological well-being over increased production and consumption. In cluster 5, the authors have suggested the policy-push for happiness economy in which they have identified the conceptual and practical perspective of household-income-labour dynamics for policy formulation. Majorly of the authors in this clutster have focused on the role of policy in building the subjective and objective dimensions of well-being, defines the correlation between well-being, employment policies, and governance, is inclined to the well-being performance of various countries, and underscores present risks that jeopardize well-being. Hence, the present study will give academics, researchers, and policymakers a thorough understanding of the productivity, features, key factors, and research outcomes in this field of study.

6 Scope for future research avenues

The emergence of a happiness economy will transform society’s traditional welfare measure. Such changes will generate more reliable and practical means to measure the well-being or welfare of an economy. After a rigorous analysis of the existing literature, we have proposed the scope for future research in Table  6 .

7 Conclusion

In 2015, the United Nations proposed the pathbreaking and ambitious seventeen “Sustainable Development Goals” (SDGs) for countries to steer their policies toward achieving them by 2030. In reality, economic growth remains central to the agenda for SDGs, demonstrating the absence of a ground-breaking and inspirational vision that might genuinely place people and their happiness at the core of a new paradigm for development. As this research has reflect, there are various evidence that the happiness economy strategy is well-suited to permeate policies geared towards sustainable development. In this context, ‘happiness’ may be a strong concept that ensures the post-2030 growth will resonate with the socioeconomic and environmental traits of everyone around the world while motivating public policies for happiness.

The current research has emphasized the many dynamics of the happiness economy by using a bibliometric analytic study of 257 articles. We have concluded that the happiness economy is an emerging area that includes different dimensions of happiness, such as ecological regeneration, circular economy, sustainability, sustainable well-being, economic well-being, subjective well-being, and well-being economy. In addition to taking into consideration the advantages and disadvantages of human participation in the market, a happiness-based economic system would offer new metrics to assess all contributions to human and planetary well-being. In terms of theoretical ramifications, we suggest that future scholars concentrate on fusing the welfare and happiness theory with economic policy. As countries are predisposed to generate disharmony and imbalance, maximizing societal well-being now entails expanding sustainable development. Since the happiness economy is still a relatively novel field, it offers numerous potential research opportunities.

8 Limitations

Similar to every other research, this one has significant restrictions as well. We are primarily concerned that all our data were extracted from the Scopus database. Furthermore, future research can utilize other software like BibExcel and Gephi to expound novel variables and linkages. Given the research limitations, this article still provides insightful and relevant direction to policymakers, scholars, and those intrigued by the idea of happiness and well-being in mainstream economics.

The study offers scope for future research in connecting the happiness economy framework with different SDGs. Future studies can also carry empirical research towards creating a universally acceptable ‘happiness economy index’ with human and planetary well-being at its core.

Data availability

Data not used in this article.

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Luca Esposito

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All authors contributed to the study conception and design. Shruti Agrawal: Conceptualization, Material preparation, Data Collection, Formal analysis, Methodology, Writing - Original Draft, Review and Editing. Nidhi Sharma: Validation, Project Administration, Supervision, and Writing - Review & Editing. Karambir Singh Dhayal: Validation, Formal analysis, Methodology, Writing - Review and Editing. Luca Esposito: Validation, Writing - Review and Editing. The first draft of the manuscript was written by Shruti Agrawal and all authors commented on previous versions of the manuscript. All authors read and approved the final manuscript

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Agrawal, S., Sharma, N., Dhayal, K.S. et al. From economic wealth to well-being: exploring the importance of happiness economy for sustainable development through systematic literature review. Qual Quant (2024). https://doi.org/10.1007/s11135-024-01892-z

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How family economic insecurity can hurt child mental health

Study examines cascading effects of covid-19 money issues.

Economic difficulty caused by the COVID-19 pandemic led to a cascade of connected problems for some parents -- resulting in mental health problems for their children, a new study suggests.

Researchers found that economic insecurity was linked to higher levels of depressive symptoms for parents, which was then associated with poorer relationship quality for the couples. That was linked with more harsh parenting and then to increased internalizing behaviors for their children.

"Pandemic-induced economic hardship had this downstream spillover effect that was ultimately linked negatively with their children's mental health," said Joyce Lee, lead author of the study and assistant professor of social work at The Ohio State University.

"Our findings parallel with other descriptive research showing that children's mental health plummeted during the pandemic."

The study was published online last week in the journal Child & Family Social Work .

The study involved 259 parents raising one or more children ages 12 years or younger who said they experienced at least one pandemic-related economic hardship. The longitudinal survey, which included participants from across the country, focused on two different points during the early weeks of the pandemic.

One of the strengths of this research is that it didn't just include middle-income families -- in 31% of the families studied, the parents' income was below $30,000.

Parents were asked about their depressive symptoms, relationship quality and harsh parenting practices. They were also asked about their children's internalizing behaviors such as complaining of loneliness, crying a lot, and being fearful or anxious.

The researchers found a clear connection between these issues, Lee said.

It started with the pandemic-induced economic insecurity. Those parents who reported higher levels of economic insecurity at the time of the first survey also had higher levels of depressive symptoms at the same time. And that was linked to a more negative relationship with their partner at the time of the second survey.

"They were reporting more disagreements and arguments and fights among themselves during the pandemic," Lee said.

That in turn was linked to reports of using more harsh parenting with their children. This included yelling, screaming and shouting at their child; and physical punishment such as spanking.

And finally, harsh parenting was linked to children who had internalizing behaviors such as frequent crying and loneliness. (Data from the study did not include externalizing behaviors, such as physical aggression and tantrums.)

"There are these cascading effects that begin with pandemic-initiated economic difficulties that all trickle down to children's mental health," Lee said.

While other studies have found that depressive symptoms in parents can be related to harsh parenting, one strength of this study is that it also included partner relationship quality, she said.

"Relationship quality is an important part of this. If you're not doing well with your partner, that speaks to a wider family dynamic that can spill over to how you deal with your children," Lee explained.

Findings also showed that there was not a significant gender difference in how mothers and fathers reacted when faced with economic problems during the pandemic. That was somewhat of a surprise since some reports said mothers took a larger hit to their careers because of COVID-19 and were more likely to take care of children at home when schools closed. That suggested mothers might do worse than fathers, but it wasn't found in this study.

Lee noted that this was a relatively small sample, so more research is needed to confirm gender differences in reactions to the pandemic.

While this study was done during the early weeks of the COVID-19 pandemic, Lee said that the findings could be relevant to other disasters or issues that lead to economic downturns.

One implication is the need for interventions that could help mothers and fathers who are struggling economically to stop the cascade of problems leading to child mental health issues, she said.

But it goes beyond that.

"We need a better social safety net to catch these parents early on before the economic pressures lead to these negative consequences," she said.

Co-authors on the study were Sehun Oh, Amy Xu and Angelise Radney of Ohio State; Shawna J. Lee of the University of Michigan; and Christina M. Rodriguez of Old Dominion University.

• Children's Health
• Child Psychology
• Child Development
• Poverty and Learning
• Public Health
• Early childhood education
• Lead poisoning
• Adult attention-deficit disorder
• Social inequality
• Cognitive psychology
• Intellectual giftedness
• Hyperactivity

Story Source:

Materials provided by Ohio State University . Original written by Jeff Grabmeier. Note: Content may be edited for style and length.

Journal Reference :

• Joyce Y. Lee, Shawna J. Lee, Sehun Oh, Amy Xu, Angelise Radney, Christina M. Rodriguez. Family Stress Processes Underlying COVID‐19–Related Economic Insecurity for Mothers and Fathers and Children's Internalizing Behaviour Problems . Child & Family Social Work , 2024; DOI: 10.1111/cfs.13188

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