The role of university education in selecting active strategies for coping with the 2007 global crisis in 28 transitional countries

This study uses data from a cross-sectional survey of 28 transitional countries after the 2007 global crisis to investigate the effects of having a university education on the selection of active strategies to deal with the impacts of the crisis. We use instrumental variable 2SLS and biprobit regressions to reduce omitted variable bias and highlight the causal association between university education and active coping strategies. Our main finding is that having a university education has a positive causal association with the use of active coping strategies. Overall, the findings of our study suggest that university education is an important tool for the increased use of active coping strategies in times of economic crisis in transitional countries.