Behavioral Economics
Behavioral Economics
Behavioral Economics workers combine economic and psychological evidence to study judgment and choice.
What You Would Do
- Behavioral Economics workers combine economic and psychological evidence to study judgment and choice
- Apply ethical standards and explain methods
- Evidence
- Limits and decisions clearly
- Define the question and identify who may be affected
- Choose a method and obtain required review or consent
The exact work depends on the question, population, employer, method, ethical review and level of responsibility.
Types of Work You Could Explore
Experiments — Explore experiments. Learn what it contributes, the tools and methods involved, and how it connects with the larger behavioral economics field.
Incentives — Explore incentives. Learn what it contributes, the tools and methods involved, and how it connects with the larger behavioral economics field.
Decision theory — Explore decision theory. Learn what it contributes, the tools and methods involved, and how it connects with the larger behavioral economics field.
Econometrics — Use statistical models to study economic questions and relationships.
Surveys — Design or use structured questions to gather comparable information from people.
Causal analysis — Estimate whether one factor produced a change rather than merely occurring with it.
Policy design — Study possible public choices, consequences and implementation.
You do not have to choose a specialty before you begin. Job titles and specialty names vary among employers and training programs, and one job may include more than one type of work.
Who Might Like This Career
This career may appeal to you if you are interested in experiments, incentives, decision theory. It can be a good fit for people who enjoy careful problem solving, accurate work, learning how people, evidence and institutions connect and seeing a clear result from their effort.
Where You Could Work
universities, government, finance, technology and consulting firms.
Pay and Job Outlook
Median annual pay: $124,720 in May 2025 for economists, a related comparison occupation.
These are national U.S. figures for the occupation or comparison group named above, not a promised starting salary. Pay can vary considerably by location, experience, specialty, overtime, union agreement, employer, role, location, experience, education, portfolio or credentials and industry conditions. People starting the career commonly earn less than experienced workers; paid training programs may increase wages as skills grow.
U.S. Bureau of Labor Statistics career and pay information
Skills You Can Start Building
- Behavioral Economics workers combine economic and psychological evidence to study judgment and choice
- Apply ethical standards and explain methods, evidence, limits and decisions clearly
- Develop answerable questions and select appropriate research methods
- Gather information with informed consent and respect for privacy
- Analyze qualitative or quantitative evidence without overstating results
- Check bias, uncertainty, data quality and alternative explanations
- Write or present findings for the people who will use them
How Behavioral Economics Work Is Changing
Online research platforms, administrative data, geographic tools, larger datasets and new measurement methods are changing social and behavioral science.
AI may assist with transcription, coding, literature review, modeling and pattern detection. Researchers must protect participants, evaluate bias and data quality, verify results and avoid claims the evidence cannot support.
Digital tools can help gather, organize and analyze evidence, but people remain responsible for research design, ethics, interpretation, context and communicating limits.
Education and Training
Preparation may include high-school research or statistics courses, community projects, paid entry work, internships, a bachelor’s degree and often graduate study for independent research or licensed practice. Apprenticeships are not the typical route for most of these careers.
Career Pathways and Apprenticeship Availability
Typical pathway: Employer training and related paid experience are common; apprenticeship availability varies.
Data and research apprenticeships may support analyst entry. Economist and advanced research roles commonly require graduate education.
A Registered Apprenticeship follows an approved training plan and combines paid work, supervised learning, related instruction and progressive skill development. Some employers use the word apprenticeship for paid programs that are not registered. Ask the sponsor which type it is and what credential, wage progression and job it provides.
Licenses and Certifications
Most research titles are not licensed, but psychologists and some other practitioners may need state licenses for clinical or regulated services. Human-subject research and confidential data also require formal protections.
Look up licenses in your state
Career Pathways to Learn Behavioral Economics and Gain Experience
Apprenticeship — Learn through real paid work with experienced workers who teach and guide you, supported by technical instruction and a structure for developing and measuring progress. Some apprenticeships are Registered Apprenticeships; others are not.
Entry-Level Jobs — Gain paid experience with tools, equipment, customer service, safety and workplace practices through beginning work in the field.
Youth Apprenticeship — Begin developing career skills through work while continuing high-school education where a suitable program is available.
Career and Technical Education CTE — Build useful foundations through data science, GIS, public service, business, health, research methods or human-services programs.
Pre-Apprenticeship — Learn introductory skills, safety and workplace expectations while preparing for apprenticeship or employment. Verify that the program connects participants with real employers and does not charge tuition simply for possible access to an apprenticeship.
Co-op — Combine education with career-related work experience through a high school, CTE program, community college or other educational program.
Paid Work-Based Learning — Get paid to do real work for an employer while learning skills and gaining experience related to the career.
Employer or Research Training — Learn data systems, interviewing, human-subject protections, evaluation methods and the standards used by a research team.
From Learning to Experienced Work
Skills develop through practice and experience. People who are new to the work usually receive more instruction and supervision. As they demonstrate skill, judgment and reliability, they take on more difficult work, greater responsibility and more independent assignments.
A common progression: Learn → Practice → Gain Experience → Build Confidence → Take on More Responsibility → Work More Independently
Experienced workers may eventually supervise work or teach and guide newer workers, trainees and apprentices.
Where This Career Can Lead
With further education and experience, you may specialize in a method or subject, lead studies, manage research operations, advise organizations, teach or move into policy and program leadership.
Questions to Ask Before You Apply
- Is this a paid job from the beginning?
- Is it a Registered Apprenticeship, an employer-run apprenticeship, another training program or a regular job with training?
- What equipment and work will I learn, and who will teach me on the job?
- How does pay increase as I gain skills?
- Who provides the classes, and can I earn college credit or an industry credential?
- What tools, transportation, physical requirements, licenses, background checks or costs should I expect?
Explore related careers
Consider these careers with overlapping tools, materials, systems or work settings:
Psychology
Sociology
Anthropology
Economics
Political Science
Human Geography
Demography and Population Studies
Explore opportunities
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