Description of variables
| Equation 1 | Variable | Description | Source* |
|---|---|---|---|
| Dependent variables | Social entrepreneur | Dummy variable: 1 if self-employed and works for volunteer organizations; 0 otherwise | WVS-6 |
| Female social entrepreneur | Dummy variable: 1 if female, self-employed and works for volunteer organizations; else 0 | WVS-6 | |
| Male social entrepreneur | Dummy variable: 1 if male, self-employed and works for volunteer organizations; else 0 | WVS-6 | |
| Traditional entrepreneur | Dummy variable: 1 if self-employed; else 0 | WVS-6 | |
| Independent variables | Postmaterialism | 12-item postmaterialist Index, 0–5 response scale. The 12 items include: maintaining order in the nation, giving people more say in important government decisions, fighting rising prices, protecting freedom of speech, maintaining a high level of economic growth, making sure that this country has strong defense forces, making sure that this country has strong defense forces, trying to make our cities and countryside more beautiful, a stable economy, progress toward a less impersonal and more humane society, progress toward a society in which ideas count more than money and the fight against crime | WVS-6 |
| Altruism | Dummy variable: 1 if participates actively in self-help groups or mutual aid groups; else 0 | WVS-6 | |
| Member of a social organization | Dummy variable: 1 if belongs to a church or religious organization; else 0 | WVS-6 | |
| Control variables | Gender | Dummy variable: 1 if male; else 0 | WVS-6 |
| Well-being | Per decile, the proportion of overall household income/wealth, 1–10 response scale | WVS-6 | |
| Equation 2 | Variable | Description | Source |
| Dependent variable | Individual economic well-being | Per decile, the proportion of overall household income/wealth, 1–10 response scale | WVS-6 |
| Independent variables | Social entrepreneur | Dummy variable: 1 if self-employed and works for volunteer organizations; else 0 | WVS-6 |
| Female social entrepreneur | Dummy variable: 1 if female, self-employed and works for volunteer organizations; else 0 | WVS-6 | |
| Male social entrepreneur | Dummy variable: 1 if male, self-employed and works for volunteer organizations; else 0 | WVS-6 | |
| Traditional entrepreneur | Dummy variable: 1 if self-employed; else 0 | WVS-6 | |
| Control variables | Savings | Dummy variable: 1 if the family could save in the past year; else 0 | WVS-6 |
| Education | Dummy variable: 1 if complete secondary school**; else 0 | WVS-6 | |
| Age-squared | The age of the respondent, squared | WVS-6 |
| Equation 1 | Variable | Description | Source* |
|---|---|---|---|
| Dependent variables | Social entrepreneur | Dummy variable: 1 if self-employed and works for volunteer organizations; 0 otherwise | WVS-6 |
| Female social entrepreneur | Dummy variable: 1 if female, self-employed and works for volunteer organizations; else 0 | WVS-6 | |
| Male social entrepreneur | Dummy variable: 1 if male, self-employed and works for volunteer organizations; else 0 | WVS-6 | |
| Traditional entrepreneur | Dummy variable: 1 if self-employed; else 0 | WVS-6 | |
| Independent variables | Postmaterialism | 12-item postmaterialist Index, 0–5 response scale. The 12 items include: maintaining order in the nation, giving people more say in important government decisions, fighting rising prices, protecting freedom of speech, maintaining a high level of economic growth, making sure that this country has strong defense forces, making sure that this country has strong defense forces, trying to make our cities and countryside more beautiful, a stable economy, progress toward a less impersonal and more humane society, progress toward a society in which ideas count more than money and the fight against crime | WVS-6 |
| Altruism | Dummy variable: 1 if participates actively in self-help groups or mutual aid groups; else 0 | WVS-6 | |
| Member of a social organization | Dummy variable: 1 if belongs to a church or religious organization; else 0 | WVS-6 | |
| Control variables | Gender | Dummy variable: 1 if male; else 0 | WVS-6 |
| Well-being | Per decile, the proportion of overall household income/wealth, 1–10 response scale | WVS-6 | |
| Dependent variable | Individual economic well-being | Per decile, the proportion of overall household income/wealth, 1–10 response scale | WVS-6 |
| Independent variables | Social entrepreneur | Dummy variable: 1 if self-employed and works for volunteer organizations; else 0 | WVS-6 |
| Female social entrepreneur | Dummy variable: 1 if female, self-employed and works for volunteer organizations; else 0 | WVS-6 | |
| Male social entrepreneur | Dummy variable: 1 if male, self-employed and works for volunteer organizations; else 0 | WVS-6 | |
| Traditional entrepreneur | Dummy variable: 1 if self-employed; else 0 | WVS-6 | |
| Control variables | Savings | Dummy variable: 1 if the family could save in the past year; else 0 | WVS-6 |
| Education | Dummy variable: 1 if complete secondary school | WVS-6 | |
| Age-squared | The age of the respondent, squared | WVS-6 |
Notes:
*WVS = World Values Survey; WVS-6 = during 2010–2014 (www.worldvaluessurvey.org);
**university or higher degree level
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