The Great Recession and Social Preferences: Evidence from Ukraine
40 Pages Posted: 12 May 2015
Date Written: May 12, 2015
We use detailed survey data to document stark differences between West and East Ukraine when it comes to household attitudes toward market-based economies and democratic institutions. Along both of these dimensions, Eastern Ukrainians are decidedly less supportive of liberal systems. However, we also find that economic attitudes changed in response to the global financial crisis, particularly in West Ukraine. West Ukrainian households who were affected more extensively by the crisis were more disappointed with the market and private ownership, while in Eastern Ukraine economic attitudes hardly shifted. Our evidence suggests that attitudes and values in transition are determined by both deep-rooted factors and more transient macroeconomic shocks.
Keywords: crisis, attitudes, Ukraine
JEL Classification: G01, P02, Z01
Suggested Citation: Suggested Citation