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Economic Literacy Among Corporate Employees

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  • William C. Wood
  • Joanne M. Doyle

Abstract

The authors report on the results of a telephone survey of 1,001 employees of seven large corporations conducted for the Business Roundtable as part of its public policy program. A set of 20 questions keyed to the Voluntary National Content Standards in Economics was embedded in the survey. A measure of economic literacy was constructed from the survey results. Greater economic literacy was associated with more overall education, more college economics coursework, high incomes, and being male. An examination of individual test questions revealed that previous college economics had substantial effects on employees' current economic literacy.

Suggested Citation

  • William C. Wood & Joanne M. Doyle, 2002. "Economic Literacy Among Corporate Employees," The Journal of Economic Education, Taylor & Francis Journals, vol. 33(3), pages 195-205, September.
    • Handle: RePEc:taf:jeduce:v:33:y:2002:i:3:p:195-205
    DOI: 10.1080/00220480209595186
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    Cited by:

    1. Nek Kamal Yeop & Norasibah Abdul Jalil, 2010. "Economic Literacy amongst the Secondary School Teachers in Perak Malaysia," Information Management and Business Review, AMH International, vol. 1(2), pages 69-78.
    2. Michael H. Morris & Donald F. Kuratko & David B. Audretsch & Susana Santos, 2022. "Overcoming the liability of poorness: disadvantage, fragility, and the poverty entrepreneur," Small Business Economics, Springer, vol. 58(1), pages 41-55, January.
    3. Nathaniel P.S. Cook & Robert L. Underwood, 2012. "Attitudes Toward Economic Globalization: Does Knowledge Matter?," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 12(4), pages 1-20, November.
    4. Grace O. Onodipe & Amanda L. Wilsker & Mark A. Partridge, 2022. "Economic knowledge, political views, and Covid-19 related behaviors," Economics Bulletin, AccessEcon, vol. 42(2), pages 895-906.
    5. Peter W. Schuhmann & KimMarie McGoldrick & Robert T. Burrus, 2005. "Student Quantitative Literacy: Importance, Measurement, and Correlation with Economic Literacy," The American Economist, Sage Publications, vol. 49(1), pages 49-65, March.
    6. Ramlee Ismail & Mohd Yahya Mohd Hussin & Fidlizan Muhammad, 2019. "Economic Literacy: Does It Matter for Policy Understanding?," Research in World Economy, Research in World Economy, Sciedu Press, vol. 10(5), pages 104-112, December.
    7. Celeste Amorim Varum & Abigail Ferreira, 2013. "Contexto Socio-Económico e o Conhecimento Sobre Economia," Notas Económicas, Faculty of Economics, University of Coimbra, issue 38, pages 29-45, December.

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