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

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  • Mehmet POLAT

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.

Suggested Citation

  • Mehmet POLAT, 2023. "An Empirical Application on Determine the Economic Literacy Levels of Public Staff," Sosyoekonomi Journal, Sosyoekonomi Society, issue 31(56).
    • Handle: RePEc:sos:sosjrn:230220
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    References listed on IDEAS

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    More about this item

    Keywords

    Economic Literacy; Rational Decision Making; Public Staff; Economic Instruments.;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • G53 - Financial Economics - - Household Finance - - - Financial Literacy
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General

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