Values and economic performance across European welfare state regimes: Direct and indirect effects through social capital, human capital and managerial skills.

ABSTRACT: The values that people hold are linked to their economic performance. These links can be either direct or indirect, operating through moderating variables such as social network participation, interpersonal trust, trust in institutions, human capital, managerial skills and hours worked. In this paper these effects are studied using structural equation modelling (SEM) methodology applied to European Social Survey data from 28 European countries in 2018. Schwartz classification of values is used, distinguishing between Self-Enhancement (Power, Achievement), Openness to Change (Self-Direction), Conservation (Tradition, Security, Conformity) and Self-Transcendence (Universalism, Benevolence) values. It is found that Power has the strongest positive direct effect on economic performance, furthe

SUBMITTER: Growiec K 

PROVIDER: S-EPMC10889612 | biostudies-literature | 2024

REPOSITORIES: biostudies-literature