QoG lunch seminar with John Nye

Society and economy

“When Don’t Institutions Matter?: The Universal Link Between Education and Market Liberal Values”

15 Mar 2023
12:00 - 13:00
B228, Sprängkullsgatan 19

John Nye, Professor of Economics, George Manson University
Good to know
The QoG institute regularly organizes seminars related to research on Quality of Government, broadly defined as trustworthy, reliable, impartial, uncorrupted and competent government institutions.

All seminars are held in English unless stated otherwise.
The Quality of Government Institute


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 market liberal and less sympathetic to economic regulation than those who have less formal education.  This is true, both in countries with high support for markets, as well as those with high distrust of markets and strong support for government regulation.  Using five social surveys (RLMS-HSE, LITS, WVS, EVS, TREC), different measures of pro-market values and different types of regressions, we show this holds in the vast majority of countries.  When considering Russian micro data, we find that those with more education are relatively less supportive of market regulation regardless of whether they were educated in the Soviet period or in the post-Soviet era.  Parental education is a positive predictor of pro-market values. Thus, this effect is nearly universal, and its sign is unaffected by different institutions.

Keywords: education, world, market values, regression, fixed effects, random effects.