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The Universal Link between Higher Education and Pro-Market Values

Author

Listed:
  • John V.C. Nye

    (National Research University Higher School of Economics)

  • Cheryl Litman

    (National Research University Higher School of Economics)

  • Maksym Bryukhanov

    (National Research University Higher School of Economics)

  • Sergiy Polyachenko

    (University of New Brunswick)

Abstract

Does education promote support for liberal economic views? We show in a large cross-section of countries that in almost all cases those with higher educational attainment are more pro-market and less sympathetic to economic regulation than those who have less formal education. This is true in countries with high support for markets and in those with high distrust of markets and strong support for government regulation. Fixed-effect models show that respondents’ education is negatively related to support for state economic activities. When considering Russian micro data, we observe that whether we confine ourselves to older people educated in the Soviet period or compare the results to a sample from the post-Soviet generation, we consistently find that those with more education are relatively less supportive of market regulation. Different models also show that parental education is a positive predictor of pro-market values

Suggested Citation

  • John V.C. Nye & Cheryl Litman & Maksym Bryukhanov & Sergiy Polyachenko, 2020. "The Universal Link between Higher Education and Pro-Market Values," HSE Working papers WP BRP 225/EC/2020, National Research University Higher School of Economics.
    • Handle: RePEc:hig:wpaper:225/ec/2020
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    References listed on IDEAS

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    More about this item

    Keywords

    Education; world; liberal values; price control; RLMS-HSE; European Values Survey; Life in Transition Survey; World Values Survey;
    All these keywords.

    JEL classification:

    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • J68 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Public Policy
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy

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