Behavioral Economics Researcher Job Description [Updated for 2025]

In the modern world, the significance of behavioral economics researchers is more profound than ever.

As society evolves, the demand for insightful minds who can investigate, analyze, and interpret human behavior in economic decision-making grows exponentially.

But let’s delve deeper: What is actually expected from a behavioral economics researcher?

Whether you are:

• An aspiring researcher trying to understand the core of this role,
• A hiring manager outlining the perfect candidate,
• Or simply fascinated by the inner workings of behavioral economics,

You’ve come to the right place.

Today, we are introducing a customizable behavioral economics researcher job description template, designed for effortless posting on job boards or career sites.

Let’s dive right in.

Behavioral Economics Researcher Duties and Responsibilities

Behavioral Economics Researchers apply principles of psychology to economic behavior and decision-making processes.

They use statistical methods, economic theories, and experimental designs to analyze and understand how individuals and organizations make economic decisions.

Their duties and responsibilities include:

• Conducting research to understand the psychological factors influencing economic decisions
• Designing and implementing experiments to test economic theories
• Analyzing data using statistical software and methodologies
• Developing theoretical models that incorporate psychological factors into economic analyses
• Writing research papers and reports to present findings
• Collaborating with other researchers and economists to develop new theories and methodologies
• Presenting research findings at conferences, workshops, and seminars
• Keeping up-to-date with the latest research and developments in the field of behavioral economics
• Applying research findings to real-world issues and policy making
• Teaching courses or seminars on behavioral economics to students or professionals

 

Behavioral Economics Researcher Job Description Template

Job Brief

We are seeking a skilled and dedicated Behavioral Economics Researcher to join our team.

The successful candidate will be responsible for conducting economic research, analyzing data, presenting findings, and developing economic models.

This individual will also apply principles of behavioral science to understand economic phenomena, and design and execute experiments to test economic theories.

 

Responsibilities

• Design and conduct economic research experiments
• Apply principles of behavioral science to understand economic phenomena
• Analyze data using mathematical models and statistical techniques
• Prepare reports that present research results
• Communicate research findings to individuals in the economics field and related industries
• Stay current with the latest research and advancements in economics
• Develop and test economic models
• Present economic and statistical concepts in a clear and meaningful way

 

Qualifications

• PhD in Economics, Behavioral Economics, or a related field
• Proven experience as a researcher in economics or a similar role
• Strong analytical and statistical skills
• Proficiency with statistical analysis software (e.g. Stata, R, SPSS)
• Excellent verbal and written communication skills
• Ability to present complex information in a clear and concise manner
• Knowledge of microeconomic and macroeconomic theory
• Understanding of the principles of behavioral economics

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Behavioral Economics Researcher
• Work Environment: This role typically operates in an office environment but can accommodate remote work. Some travel may be required for conferences or collaborations with other research institutions.
• Reporting Structure: Reports to the Research Director or Principal Economist.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $70,000 minimum to $120,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Behavioral Economics Researcher Do?

Behavioral Economics Researchers typically work in academic settings, research institutions, government organizations, or private companies.

Their primary role is to conduct research on decision-making processes, exploring the interaction between economics, psychology, and sociology.

They seek to understand how emotions, social factors, and cognitive biases influence economic decision-making in individuals and institutions.

Behavioral Economics Researchers design and execute experiments or surveys to collect data, often using statistical software for data analysis.

They also review existing literature and integrate various theoretical perspectives to better understand economic behaviors.

They may develop models to predict economic behavior or evaluate the effectiveness of policy interventions.

It is also their responsibility to present their findings, often through academic papers, reports, or presentations at conferences.

Their research often contributes to the development of new strategies in fields such as marketing, public policy, finance, and human resource management by providing insights into human behavior and decision-making.

Behavioral Economics Researchers also collaborate with other researchers, policymakers, or business leaders to apply their findings in real-world scenarios and potentially shape economic policies or business strategies.

 

Behavioral Economics Researcher Qualifications and Skills

A Behavioral Economics Researcher should possess a unique blend of skills and qualifications that would facilitate in-depth research and analysis of economic phenomena, such as:

• An advanced degree in Behavioral Economics, Psychology, or a related field to ensure a solid understanding of the theories and models used in behavioral economics research.
• Strong analytical skills to effectively interpret and analyze complex economic data and identify patterns and trends.
• Excellent quantitative skills including familiarity with statistical analysis software such as SPSS, Stata, or R.
• Ability to design and conduct original research studies, including developing hypotheses, gathering and analyzing data, and drawing conclusions.
• Knowledge of experimental design to conduct controlled trials and other empirical investigations.
• Exceptional written and verbal communication skills to present findings and discuss research in a clear, concise manner to both academic and non-academic audiences.
• Strong problem-solving skills to address challenges or obstacles that arise during the research process.
• Understanding of ethical research principles and practices to ensure the integrity of research activities.
• Ability to work independently and collaboratively, demonstrating effective interpersonal skills.

 

Behavioral Economics Researcher Experience Requirements

Entry-level candidates for Behavioral Economics Researcher roles may have 1 to 2 years of experience in the field.

This could be through internships, research assistantships, or part-time roles related to behavioral economics or psychology.

Candidates are expected to have prior experience conducting behavioral experiments, data collection, and statistical analysis.

This can be gained through roles such as research assistant, data analyst, or other research-related positions.

Candidates with more than 3 years of experience would typically have a proven track record in producing research and publishing papers in relevant fields, such as behavioral economics or psychology.

They may also have experience in applying behavioral economics concepts to real-world problems, perhaps through consulting or policy roles.

Those with more than 5 years of experience in the field should have extensive knowledge of behavioral economic theories and concepts, and may have experience leading research projects or teams.

They may also have significant experience in grant writing and securing funding for research projects.

Regardless of their level of experience, Behavioral Economics Researchers should have demonstrated experience with statistical software (like R or STATA), experimental design, and data analysis.

A PhD in a relevant field, such as Economics, Psychology, or Behavioral Science, is generally required.

 

Behavioral Economics Researcher Education and Training Requirements

Behavioral Economics Researchers are generally expected to have at least a Master’s degree in Economics, Psychology, or a related field.

Most researchers in this field, however, hold a Ph.D. degree.

Candidates should have a solid foundation in economic theories, as well as a deep understanding of human behavior and decision-making processes.

Coursework should ideally include subjects such as microeconomics, macroeconomics, psychology, sociology, and statistics.

Practical training in research methodologies, data analysis, and the use of statistical software such as SPSS or STATA is also highly important.

This training could be gained through graduate coursework or internships.

Behavioral Economics Researchers should also possess strong analytical skills, a knack for problem-solving, and excellent written and oral communication abilities to present complex theories and findings in a clear and concise manner.

In addition to formal education, a Behavioral Economics Researcher should actively engage in ongoing learning to stay updated with the latest theories, research techniques, and trends in the field.

This can be achieved through participation in seminars, workshops, and professional development courses.

Some positions may require or prefer candidates with publications in reputable academic journals.

Similarly, experience in applied settings, such as consulting or policy-making, can be advantageous for certain roles in this field.

Although not required, professional certifications such as the Certified Business Economist (CBE) or the Certified Economic Developer (CEcD) may also be beneficial.

 

Behavioral Economics Researcher Salary Expectations

A Behavioral Economics Researcher can expect to earn an average salary of $78,520 (USD) per year.

This salary can significantly vary depending on factors such as level of education, years of experience in the field, and the location of the job.

Some high-paying locations and industries might offer compensation upwards of $100,000 (USD) annually.

 

Behavioral Economics Researcher Job Description FAQs

What skills does a Behavioral Economics Researcher need?

Behavioral Economics Researchers require a strong foundation in economics and psychology, as well as a strong understanding of statistical analysis.

They should have excellent research skills, including the ability to design and conduct experiments, collect and interpret data, and report on their findings.

Communication skills are also important, as researchers often need to present their findings to non-specialists.

 

Do Behavioral Economics Researchers need a degree?

Yes, most Behavioral Economics Researchers need at least a master’s degree in economics, psychology, or a related field.

A PhD is often preferred, especially for positions in academia or advanced research roles.

Additionally, coursework or experience in statistics and research methods is usually required.

 

What should you look for in a Behavioral Economics Researcher’s resume?

Look for a solid educational background in economics and psychology, as well as experience conducting research.

You should also look for experience with statistical analysis software, as this is a key component of the role.

Publications in peer-reviewed journals can indicate a proven ability to conduct impactful research and successfully disseminate findings.

 

What qualities make a good Behavioral Economics Researcher?

A good Behavioral Economics Researcher is detail-oriented, analytical, and curious.

They should be able to work independently and have the persistence necessary to see complex research projects through to completion.

Good researchers are also creative thinkers who can devise innovative research methods and interpret findings in new ways.

 

What is the typical work environment for a Behavioral Economics Researcher?

Behavioral Economics Researchers typically work in office environments, but they may also work in labs or field settings depending on the nature of their research.

They may work for universities, government agencies, consulting firms, or private corporations.

Depending on their employer, they may work alone or as part of a research team.

 

Conclusion

And there we have it.

Today, we’ve dissected the intriguing role of a behavioral economics researcher.

Surprised?

It’s not just about analyzing market trends.

It’s about shaping economic policies and business strategies, one behavioral insight at a time.

With our expertly curated behavioral economics researcher job description template and real-world examples, you’re well-prepared to take the next step.

But why end the journey here?

Explore further with our job description generator. It’s your ultimate guide to creating razor-sharp job listings or refining your resume to perfection.

Remember:

Each insight you uncover contributes to a broader understanding of human behavior.

Let’s unravel the mysteries of economics. Together.

How to Become a Behavioral Economics Researcher (Complete Guide)

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