Table 1.

Description of variables

Equation 1VariableDescriptionSource*
Dependent variablesSocial entrepreneurDummy variable: 1 if self-employed and works for volunteer organizations; 0 otherwiseWVS-6
Female social entrepreneurDummy variable: 1 if female, self-employed and works for volunteer organizations; else 0WVS-6
Male social entrepreneurDummy variable: 1 if male, self-employed and works for volunteer organizations; else 0WVS-6
Traditional entrepreneurDummy variable: 1 if self-employed; else 0WVS-6
Independent variablesPostmaterialism12-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 crimeWVS-6
AltruismDummy variable: 1 if participates actively in self-help groups or mutual aid groups; else 0WVS-6
Member of a social organizationDummy variable: 1 if belongs to a church or religious organization; else 0WVS-6
Control variablesGenderDummy variable: 1 if male; else 0WVS-6
Well-beingPer decile, the proportion of overall household income/wealth, 1–10 response scaleWVS-6
Equation 2VariableDescriptionSource
Dependent variableIndividual economic well-beingPer decile, the proportion of overall household income/wealth, 1–10 response scaleWVS-6
Independent variablesSocial entrepreneurDummy variable: 1 if self-employed and works for volunteer organizations; else 0WVS-6
Female social entrepreneurDummy variable: 1 if female, self-employed and works for volunteer organizations; else 0WVS-6
Male social entrepreneurDummy variable: 1 if male, self-employed and works for volunteer organizations; else 0WVS-6
Traditional entrepreneurDummy variable: 1 if self-employed; else 0WVS-6
Control variablesSavingsDummy variable: 1 if the family could save in the past year; else 0WVS-6
EducationDummy variable: 1 if complete secondary school**; else 0WVS-6
Age-squaredThe age of the respondent, squaredWVS-6

Notes:

*WVS = World Values Survey; WVS-6 = during 2010–2014 (www.worldvaluessurvey.org);

**university or higher degree level

Source: Authors’ own work

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