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What Do The Irish Know About Economics

  • Brian Lucey

    ()

    (Institute for International Integration Studies, Trinity College Dublin)

  • Michael Daly

    ()

    (Institute for International Integration Studies, Trinity College Dublin)

TWe undertake a first benchmark study of economic literacy in Ireland using a panel of 700+ adults to assess the economic knowledge of respondents. Sources of economic information are analysed and ranked in order of usefulness. Accuracy of response in each section is analysed across each demographic variable; variance in performance based on age, gender, education, work background and other factors is analysed thoroughly. A comparative analysis is then undertaken in order to contrast the economic literacy of Ireland established through our representative sample with that already established through similar investigation of other jurisdictions.

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Paper provided by IIIS in its series The Institute for International Integration Studies Discussion Paper Series with number iiisdp432.

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Length: 9
Date of creation: Aug 2013
Date of revision:
Handle: RePEc:iis:dispap:iiisdp432
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  1. Angela A. Hung & Andrew M. Parker & Joanne K. Yoong, 2009. "Defining and Measuring Financial Literacy," Working Papers 708, RAND Corporation Publications Department.
  2. Lusardi, Annamaria & Mitchell, Olivia S., 2010. "How ordinary consumers make complex economic decisions: Financial literacy and retirement readiness," CFS Working Paper Series 2010/11, Center for Financial Studies (CFS).
  3. Radu Vranceanu & Jérôme Barthélémy, 2011. "Knowledge in economics and economic reform : an analysis of French survey data," Post-Print hal-00592114, HAL.
  4. William B. Walstad, 1997. "The Effect of Economic Knowledge on Public Opinion of Economic Issues," The Journal of Economic Education, Taylor & Francis Journals, vol. 28(3), pages 195-205, September.
  5. Walstad, William B. & Rebeck, Ken, 2002. "Assessing the economic knowledge and economic opinions of adults," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(5), pages 921-935.
  6. Annamaria Lusardi, 2008. "Household Saving Behavior: The Role of Financial Literacy, Information, and Financial Education Programs," NBER Working Papers 13824, National Bureau of Economic Research, Inc.
  7. Walstad, William B & Soper, John C, 1988. "A Report Card on the Economic Literacy of U.S. High School Students," American Economic Review, American Economic Association, vol. 78(2), pages 251-56, May.
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