Assessing the economic knowledge and economic opinions of adults

Walstad, William B.; Rebeck, Ken

doi:10.1016/s1062-9769(01)00120-x

Cited by 71 publications

(46 citation statements)

References 7 publications

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“…Our estimates also show that women tend to make larger errors than men. This result confirms previous findings in the literature (Bryan and Venkatu 2001;Walstad and Rebeck 2002;Blinder and Krueger 2004;Curtin 2008Curtin , 2009Giovannini et al 2015). Such gender gaps might be related to different levels of economic/financial literacy (Bruine de Bruin et al 2010;Burke and Manz 2014); in fact, women appear to be much more financially illiterate compared to men (Lusardi and Mitchell 2008;Fonseca et al 2012).…”

Section: Vicente and López: Exploring Europeans' Knowledge Of Officiasupporting

confidence: 92%

“…For instance, people, who overestimate unemployment figures may consider that they have little bargaining power and hence lower their reservation wages, that is, the lowest wage at which they are willing to work, which would thus result in a lower actual wage (Cardoso et al 2016). Additionally, economic knowledge influences people's opinion on public issues (Blendon et al 1997;Walstad 1997;Walstad and Rebeck 2002;Blinder and Krueger 2004). Becoming better informed is not only self-serving, but also provides an improved basis for decisionmaking.…”

Section: Summary Of Findings and Concluding Remarksmentioning

confidence: 99%

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Figuring Figures: Exploring Europeans’ Knowledge of Official Economic Statistics

Cuervo

López

2017

Journal of Official Statistics

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Economic issues have been a major concern for Europeans in the last few years. In this context, it is reasonable to suppose that people are aware of the main economic figures regarding Europe. But are they really familiar with them? Do they know what the rates of growth, unemployment and inflation are?The aim of this article is to explore the level of knowledge of these three economic indicators among Europeans. Several regression models are specified and estimated in order to identify the relationship between an individual's knowledge and their socioeconomic profile, use of the Internet, perceived importance of economic issues and official statistics and trust in them. Cross-country differences are also assessed.

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Section: Vicente and López: Exploring Europeans' Knowledge Of Officiasupporting

confidence: 92%

Section: Summary Of Findings and Concluding Remarksmentioning

confidence: 99%

Figuring Figures: Exploring Europeans’ Knowledge of Official Economic Statistics

Cuervo

López

2017

Journal of Official Statistics

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“…In Hayo (1999), around 48 per cent of knowledge questions were answered correctly by citizens of EU member countries. Walstad and Rebeck (2002) compare outcomes from five surveys on economic knowledge and conclude that on average, 48 per cent of all knowledge questions are answered correctly.…”

Section: Resultsmentioning

confidence: 99%

Taxation and Consumption: Evidence from a Representative Survey of the German Population

Hayo

Uhl

2014

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in Taxation and Consumption:Evidence from a Representative Survey of the German PopulationAbstract Using a representative survey of the German population, this paper studies individual consumption responses to a recent payroll tax reduction. Our results show that 55% of the respondents spend the extra money, indicating considerable potential for tax changes to affect consumption and economic activity. Our analysis of the socio-demographic and economic determinants of consumption responses suggests that temporary and permanent tax changes have a similar impact, that interest rates are an important determinant of consumption responses to tax changes, and that households with higher income have a higher propensity to consume.

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“…For instance, Walstad (1997) and Walstad and Rebeck (2002) show that economic knowledge has a direct and significant effect on public viewpoints on many economic issues, and that this knowledge is affected by factors such as education, income, age, gender, race, and political party affiliation. Mayda and Rodrik (2005) study attitudes to protectionism in a large set of countries and find that attitudes towards trade are shaped by a complex set of both economic and noneconomic determinants.…”

Section: Literature Reviewmentioning

confidence: 99%

Public attitudes towards central bank independence: Lessons from the foundation of the ECB

Hayat

Farvaque

2012

European Journal of Political Economy

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This study examines public opinion in 15 European countries, on the proposal to establish an independent European Central Bank (ECB). Using data from Eurobarometer surveys for 1998 to 2000, which included a specific question on this issue, we show that inflation performance is not sufficient to explain people's preference for an independent central bank: personal characteristics and circumstances have a stronger impact, with gender, employment status, education level, income quartiles, and degree of information and civic concern showing particular relevance.

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Assessing the economic knowledge and economic opinions of adults

Cited by 71 publications

References 7 publications

Figuring Figures: Exploring Europeans’ Knowledge of Official Economic Statistics

Figuring Figures: Exploring Europeans’ Knowledge of Official Economic Statistics

Taxation and Consumption: Evidence from a Representative Survey of the German Population

Public attitudes towards central bank independence: Lessons from the foundation of the ECB

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