Proceedings of the New York State Economics Association


Students' Economic Ideology and Deficit Reduction Choices

Michael McAvoy and William P. O'Dea

vol. 4, September 2011, p. 107-116


We measure the students' economic ideologies in a capstone economics course defining economic ideology as how one views the world. Students are measured to be slightly liberal in ideology. Students submit deficit reduction choices from "The New York Times Deficit Project," to reduce the projected long-term deficit to 3 percent of expected economic output. We compare the ideology measurement to students' deficit reduction choices. While students on average prefer spending cuts, their choices to reduce the deficit have popular liberal leanings: reducing the size of the military and increasing taxes on very high income earners. Medicare and Social Security reform are commonly selected as options for deficit reduction as well.


suggested citation:

Michael McAvoy and William P. O'Dea. "Students' Economic Ideology and Deficit Reduction Choices." Proceedings of the New York State Economics Association. vol. 4, September 2011, p. 107-116

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