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Public Understanding Of Economic Policy: Sources And Implications.pdf

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Preview of Public Understanding of Economic Policy: Sources and Implications
🔗 Source: docs.iza.org
📊 Size: 312 KB
👤 Author: Alan S. Blinder, Alan B. Krueger
⬇️ Downloads: 145

Summary

This discussion paper by Alan S. Blinder and Alan B. Krueger explores public knowledge of economic policy and the factors influencing it. It challenges traditional economic models that assume well-informed decision-making by either rational agents or democratic voters. The authors argue that real-world policymaking is more complex, involving political horse trading and a diverse set of actors.

Key Findings:

1. Public Opinion Formation:
- Most respondents express a desire to be well-informed about economic policy issues.
- Television is the primary source of information for the public.
- Ideology plays a significant role in shaping public opinion on various policy matters, while self-interest has the least impact. Economic knowledge falls between these two.

2. Determinants of Public Opinion:
- Ideology: The most influential factor in forming public opinion on economic issues.
- Self-Interest: Less important than ideology but still a consideration.
- Knowledge: Falls in between self-interest and ideology, suggesting that some understanding of economic concepts is valued by the public.

3. Information Sources:
- Television is the dominant source of information for the public, indicating its influence on shaping public opinion.

Methodology:

The authors used a specially designed survey to gather data, focusing on citizens' preferences for being informed about economic policy and their sources of information. The survey also explored the role of ideology, self-interest, and knowledge in forming public opinions.

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Description

Blinder and Alan B. Krueger, exploring public knowledge of economic policy and its sources. It examines how individuals form their understanding of economic issues and the role of various information channels in shaping their perceptions.

Technical Information

  • File Format: PDF
  • File Size: 312 KB
  • Pages: 62
  • Language: EN
  • Author: Alan S. Blinder, Alan B. Krueger
  • Total Downloads: 145
  • Last Updated: 1 day ago

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