International Journal of Financial Management and Economics
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E-ISSN: 2617-9229|P-ISSN: 2617-9210
International Journal of Financial Management and Economics
Printed Journal   |   Refereed Journal   |   Peer Reviewed Journal
Vol. 7, Issue 1 (2024)

Navigating the nexus: Unraveling the interplay between employment status and social life indicators through world values survey analysis


Divya Satish Revankar, Aswini Kumar Mishra, Siddharth Tripathy, Avni Garg and Varun Gopal

The purpose of this study is to examine the role of factors like Sex, Class, Religiosity, Family importance, and Frequency of use of a computer on the employment status of individuals. We use the data from Wave 5 of the World Value Survey (2005-2009) was collected from a total of 56 countries with the sample size of each country being between 1000-3200. To analyze this data and find the most significant independent variables, we use Principal Component Analysis and then use a Probit model to find the significance of these variables. The results show that Sex, class, religiosity, and family importance significantly determine the employment status of individuals on a global level. These findings based on wave 5 of the World Value Survey provide important implications for policymakers and entrepreneurs.
Pages : 79-86 | 382 Views | 151 Downloads


International Journal of Financial Management and Economics
How to cite this article:
Divya Satish Revankar, Aswini Kumar Mishra, Siddharth Tripathy, Avni Garg, Varun Gopal. Navigating the nexus: Unraveling the interplay between employment status and social life indicators through world values survey analysis. Int J Finance Manage Econ 2024;7(1):79-86. DOI: 10.33545/26179210.2024.v7.i1.262
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