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.
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