An Empirical Application on Determine the Economic Literacy Levels of Public Staff

Mehmet Polat

Sosyoekonomi Journal, 2023, issue 31(56)

Abstract: In today’s globalising world, constantly changing economic instruments and economic crises deeply affect countries and increase the importance of economic literacy daily. Economic literacy is the ability to interpret economic events and make rational decisions that every segment of society should know. This study is aimed to determine the economic literacy levels of public staff whose income level is stable and whose education level is high. The study showed that almost 85% of public staff closely follow economic and financial developments, and they are at a reasonable level at all economic literacy subgroup levels. As a result, it has been observed that as the income level of public staff increases, the frequency of following economic and financial developments closely increases, the level of economic literacy rises as the frequency of following economic and financial developments increases, and the number of investment increases as the level of economic literacy increases.

Keywords: Economic Literacy; Rational Decision Making; Public Staff; Economic Instruments. (search for similar items in EconPapers)
JEL-codes: A11 G51 G53 I31 J10 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:230220

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