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Economic Freedom and People’s Regard for Education

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  • Horst Feldmann

    (University of Bath)

Abstract

Using data on 48 countries, this paper finds that people in economically freer countries care more about education. This is probably mainly because economic freedom enables them and their children to achieve higher returns to education. The magnitude of the estimated effect is substantial. The paper combines individual-level data from the World Values Survey with country-level data on economic freedom and other relevant factors. It controls for all relevant characteristics of survey respondents as well as for potentially confounding country-level characteristics. It also addresses potential endogeneity of economic freedom.

Suggested Citation

  • Horst Feldmann, 2021. "Economic Freedom and People’s Regard for Education," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 154(1), pages 235-256, February.
    • Handle: RePEc:spr:soinre:v:154:y:2021:i:1:d:10.1007_s11205-020-02555-w
    DOI: 10.1007/s11205-020-02555-w
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    References listed on IDEAS

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    9. Brian A. Jacob & Lars Lefgren, 2007. "What Do Parents Value in Education? An Empirical Investigation of Parents' Revealed Preferences for Teachers," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 122(4), pages 1603-1637.
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    Cited by:

    1. Ibrahima Dia & Henri Atangana Ondoa & Idrissa Ouedraogo, 2024. "Does economic freedom foster education in Sub‐Saharan Africa?," Journal of International Development, John Wiley & Sons, Ltd., vol. 36(2), pages 939-972, March.

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