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An exploration of the impact of culture on the economy: An empirical study of unemployment
Journal article

An exploration of the impact of culture on the economy: An empirical study of unemployment

Bijou Yang and David Lester
The Journal of socio-economics, v 29(3)
01 Jan 2000

Abstract

Capitalism Culture Economics Nationalism Protestantism Studies Unemployment
The role of culture in economic affairs was first recognized by Max Weber who attributed the rise of modern capitalism to the Protestant ethic. More recently, the contribution of cultural factors to economic success or failure in different countries or regions of the world has been documented. The present paper joins this effort by demonstrating the impact of culture on unemployment empirically. The national character traits of neuroticism and extraversion were added to a regression analysis of unemployment developed by Nickell (1998).

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