Psychosocial variables involved in the construction of lay thinking about the economy: Results of a cross-national survey

Marina Bastounis, David Leiser, Christine Roland-Lévy

Research output: Contribution to journalArticlepeer-review

20 Scopus citations

Abstract

This study explores the relations between psychosocial variables and lay economic thought. A number of studies have described cultural variations of individual differences variables, such as locus of control (LOC) and belief in a just world. The aim of this project is to test the strength of the relationships between these variables and economic beliefs and attitudes across a wide cross-national sample. Data were collected from eight countries (Austria, France, Greece, Israel, New Zealand, Slovenia, Singapore and Turkey) and nearly 2000 respondents. Lay economic thinking appears to be organised around economic phenomena (such as inflation and unemployment) rather than economic integrative theories (such as whether consumption or business activities drive the economy). Overall, the results verify the relationship between internal LOC, belief in a just world, a free-enterprise view of the economy and higher satisfaction with private and public economy.

Original languageEnglish
Pages (from-to)263-278
Number of pages16
JournalJournal of Economic Psychology
Volume25
Issue number2
DOIs
StatePublished - 1 Apr 2004

Keywords

  • Belief in a just world
  • Economic beliefs
  • Locus of control
  • Naïve economic theories

Fingerprint

Dive into the research topics of 'Psychosocial variables involved in the construction of lay thinking about the economy: Results of a cross-national survey'. Together they form a unique fingerprint.

Cite this