61 Pages Posted: 5 Oct 2004
Date Written: September 2004
Public opinion influences politicians, and therefore influences public policy decisions. What are the roles of self-interest, knowledge, and ideology in public opinion formation? And how do people learn about economic issues? Using a new, specially-designed survey, we find that most respondents express a strong desire to be well informed on economic policy issues, and that television is their dominant source of information. On a variety of major policy issues (e.g., taxes, social security, health insurance), ideology is the most important determinant of public opinion, while measures of self-interest are the least important. Knowledge about the economy ranks somewhere in between.
Suggested Citation: Suggested Citation
Blinder, Alan S. and Krueger, Alan B., What Does the Public Know About Economic Policy, and How Does it Know it? (September 2004). NBER Working Paper No. w10787. Available at SSRN: https://ssrn.com/abstract=595186