Give Me Liberty and Give Me Control: Economic Freedom, Control Perceptions and the Paradox of Choice

Give Me Liberty and Give Me Control: Economic Freedom, Control Perceptions and the Paradox of Choice
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给我自由,给我控制:经济自由、控制观念和选择悖论

DOI:
10.2139/ssrn.2620435
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发表时间:
2015
期刊:
Comparative Political Economy: Comparative Capitalism eJournal
影响因子:
--
通讯作者:
D. Bennett
D. Bennett
中科院分区:
--
文献类型:
--
作者:
D. Bennett

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We explore the relationship between individual control perceptions and the degree to which a country's institutions and policies are consistent with the principles of economic freedom. Using data from the World Values Surveys (WVS) and the Economic Freedom of the World (EFW) index, we find that people living in more economically free countries are more likely to perceive greater control over their lives. This effect is not diminishing at higher levels of economic freedom. One possible channel that explains this relationship is the perception of procedural fairness and social mobility. Decomposing the EFW index, we further find that the area of sound money is what drives the results.