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

Abstract

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.