What Makes People Think Like Economists? Evidence on Economic Cognition from the "Survey of Americans and Economists on the Economy."
The positive economic beliefs of economists and the general public systematically differ. What factors make noneconomists think more like economists? Using the "Survey of Americans and Economists on the Economy," this paper shows people think more like economists (1) if they are well educated, (2) if they are male, (3) if their real income rose over the last 5 years, (4) if they expect their real income to rise over the next 5 years, or (5) if they have a high degree of job security. However, neither high income nor ideological conservatism have this effect. My findings for education, gender, and income have close parallels in political science: on tests of objective political knowledge, the better educated and males score higher, controlling for numerous other variables, and the independent effect of income is minor. Copyright 2001 by the University of Chicago.
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- Robert J. Shiller & Maxim Boycko & Vladimir Korobov, 1990.
"Popular Attitudes Towards Free Markets: The Soviet Union and the United States Compared,"
NBER Working Papers
3453, National Bureau of Economic Research, Inc.
- Robert J. Shiller & Maxim Boycko & Vladimir Korobov, 1990. "Popular Attitudes Towards Free Markets: The Soviet Union and the United States Compared," Cowles Foundation Discussion Papers 952, Cowles Foundation for Research in Economics, Yale University.
- Victor R. Fuchs & Alan B. Krueger & James M. Poterba, 1998. "Economists' Views about Parameters, Values, and Policies: Survey Results in Labor and Public Economics," Journal of Economic Literature, American Economic Association, vol. 36(3), pages 1387-1425, September.
- Wittman, Donald, 1989. "Why Democracies Produce Efficient Results," Journal of Political Economy, University of Chicago Press, vol. 97(6), pages 1395-1424, December.
- Fuchs, Victor R, 1996. "Economics, Values, and Health Care Reform," American Economic Review, American Economic Association, vol. 86(1), pages 1-24, March.
- Robert J. Blendon, 1997. "Bridging the Gap between the Public's and Economists' Views of the Economy," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 105-118, Summer.
- Alston, Richard M & Kearl, J R & Vaughan, Michael B, 1992. "Is There a Consensus among Economists in the 1990's?," American Economic Review, American Economic Association, vol. 82(2), pages 203-209, May. Full references (including those not matched with items on IDEAS)
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