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Interamerican Journal of Psychology

Print version ISSN 0034-9690


GEMPP, René et al. Development of the test of economic literacy for adults. Interam. j. psychol. [online]. 2007, vol.41, n.3, pp.275-284. ISSN 0034-9690.

This paper presents the development of the Test of Economic Literacy for Adults, version of 25 items (TAE-A-25), derived from a test previously constructed by the authors. The TAE-A-25 is composed for multiple-choice items, with 4 options, and it's inspired in the Test of Economic Literacy (TEL) for adolescents (Soper & Walstad, 1987). Their items include four areas of basic knowledge on economy and evaluate conceptual understanding and procedural skills. The analyses where realized in the Classical Test Theory framework, based on a sample of 840 male and female Chileans, aged between 18 and 50 years. The analyses allowed to obtain a test of 25 items, with appropriate levels of difficulty (24 < p < 76), discrimination (27 < p < 54), and reliability (GLB=.87), in addition to optimal performance of the item options. The results are discussed and the limitations of the test commented.

Keywords : Psychological testing; Psychology and economy; Adults.

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