Economic Literacy and Public Policy Views

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Bibliographic Details
Title: Economic Literacy and Public Policy Views
Language: English
Authors: Jared Barton (ORCID 0000-0001-9327-6492), Cortney Rodet
Source: Journal of Economic Education. 2025 56(4):290-305.
Availability: Routledge. Available from: Taylor & Francis, Ltd. 530 Walnut Street Suite 850, Philadelphia, PA 19106. Tel: 800-354-1420; Tel: 215-625-8900; Fax: 215-207-0050; Web site: http://www.tandf.co.uk/journals
Peer Reviewed: Y
Page Count: 16
Publication Date: 2025
Document Type: Journal Articles
Reports - Evaluative
Descriptors: Economics, Public Policy, Attitudes, Gender Differences, Racial Differences, Educational Attainment, Political Affiliation, Expertise, Lay People
Geographic Terms: United States
Assessment and Survey Identifiers: Test of Economic Literacy
DOI: 10.1080/00220485.2025.2518155
ISSN: 0022-0485
2152-4068
Abstract: The authors measure economic literacy among a representative sample of U.S. residents, explore demographic correlates with the measure, and examine how respondents' policy views correlate with it. They then analyze policy view differences among Republicans and Democrats and among economists and non-economists. They find significant differences in economic literacy by sex, race/ethnicity, and education, but little evidence that respondents' policy views relate to their level of economic literacy. Examining heterogeneity by political party, they find that estimated fully economically literate policy views (i.e., predicted views as if respondents scored perfectly on the authors' economic literacy assessment) for Democrats and Republicans are farther apart than respondents' original views. Greater economic literacy among general survey respondents also does not result in thinking like an economist on policy.
Abstractor: As Provided
Entry Date: 2025
Accession Number: EJ1488580
Database: ERIC
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Description
Abstract:The authors measure economic literacy among a representative sample of U.S. residents, explore demographic correlates with the measure, and examine how respondents' policy views correlate with it. They then analyze policy view differences among Republicans and Democrats and among economists and non-economists. They find significant differences in economic literacy by sex, race/ethnicity, and education, but little evidence that respondents' policy views relate to their level of economic literacy. Examining heterogeneity by political party, they find that estimated fully economically literate policy views (i.e., predicted views as if respondents scored perfectly on the authors' economic literacy assessment) for Democrats and Republicans are farther apart than respondents' original views. Greater economic literacy among general survey respondents also does not result in thinking like an economist on policy.
ISSN:0022-0485
2152-4068
DOI:10.1080/00220485.2025.2518155