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How do voters form positive economic beliefs? Evidence from the Survey of Americans and Economists on the Economy

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  • Bryan Caplan

Abstract

Beliefs about normative economics appear to be primarily determined by sociotropic rather than egocentric variables. (Sears & Funk, 1990; Citrin & Green, 1990) Using the Survey of Americans and Economists on the Economy, the current paper finds that the same holds for positiveeconomic beliefs in most – but not all – cases. This hinges on whether a question is “causal” or “non-causal”: Causal beliefs depend on sociotropic variables, especially education and ideology; non-causal beliefs, in contrast, depend on egocentric variables, with income growth playing the leading role. This is consistent with a cognitive model where actors answer easier questions using personal experience, and harder ones with ``off-the-shelf" theories. Copyright Springer Science+Business Media B.V. 2006

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  • Bryan Caplan, 2006. "How do voters form positive economic beliefs? Evidence from the Survey of Americans and Economists on the Economy," Public Choice, Springer, vol. 128(3), pages 367-381, September.
    • Handle: RePEc:kap:pubcho:v:128:y:2006:i:3:p:367-381
    DOI: 10.1007/s11127-006-9026-z
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    References listed on IDEAS

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    8. Bryan Caplan, 2002. "Systematically Biased Beliefs About Economics: Robust Evidence of Judgemental Anomalies from the Survey of Americans and Economists on the Economy," Economic Journal, Royal Economic Society, vol. 112(479), pages 433-458, April.
    9. Kenny, Lawrence W., 1982. "Economies of scale in schooling," Economics of Education Review, Elsevier, vol. 2(1), pages 1-24, February.
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    Cited by:

    1. Mikael Elinder, 2012. "Correcting mistakes: cognitive dissonance and political attitudes in Sweden and the United States," Public Choice, Springer, vol. 153(1), pages 235-249, October.
    2. Aggarwal, Raj & Goodell, John W., 2013. "Political-economy of pension plans: Impact of institutions, gender, and culture," Journal of Banking & Finance, Elsevier, vol. 37(6), pages 1860-1879.
    3. Leiser, David & Benita, Rinat & Bourgeois-Gironde, Sacha, 2016. "Differing conceptions of the causes of the economic crisis: Effects of culture, economic training, and personal impact," Journal of Economic Psychology, Elsevier, vol. 53(C), pages 154-163.
    4. Frank Bohn, 2019. "Political budget cycles, incumbency advantage, and propaganda," Economics and Politics, Wiley Blackwell, vol. 31(1), pages 43-70, March.
    5. Hans Pitlik & Gerhard Schwarz & Barbara Bechter & Bernd Brandl, 2011. "Near Is My Shirt but Nearer Is My Skin: Ideology or Self‐Interest as Determinants of Public Opinion on Fiscal Policy Issues," Kyklos, Wiley Blackwell, vol. 64(2), pages 271-290, May.
    6. John Goodell & Richard Bodey, 2012. "Price-earnings changes during US presidential election cycles: voter uncertainty and other determinants," Public Choice, Springer, vol. 150(3), pages 633-650, March.
    7. Bryan Caplan & Stephen Miller, 2012. "Positive versus normative economics: what’s the connection? Evidence from the Survey of Americans and Economists on the Economy and the General Social Survey," Public Choice, Springer, vol. 150(1), pages 241-261, January.
    8. Barbara Bechter & Bernd Brandl & Gerhard Schwarz, 2009. "Determinanten der Einstellung zu wirtschaftspolitischen Maßnahmen," WIFO Studies, WIFO, number 37321.

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