Values and income
An analysis applied to individuals
DOI:
https://doi.org/10.22456/1982-5269.113713Keywords:
valores humanos, renda individual, regressão logística ordenadaAbstract
Can values, personal attitudes, and beliefs affect economic and social behavior, and, thus, affect the income profile of individuals? To answer this question, the objective of the article is to evaluate the relationship between the economic dimension (individual income) and the social dimension (values). The ordered logistic regression model is used. The basis of microdata on individual values is the World Values Survey (WVS). The analysis period runs from 1994 to 2014. The results demonstrate that values such as family, trust, gender equality, interest in politics and democracy, and competition are positively related to higher income. On the other hand, values such as religion, obedience, authority, and income equality are inversely related to higher income.