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MONEY ETHIC & SOME DEMOGRAPHIC VARIABLES

MONEY ETHIC & SOME DEMOGRAPHIC VARIABLES. Partial correlations with other variables. Fernando Arias-Galicia, México. . SOME CHARACTERISTICS:. Mexico is the only underdeveloped country sharing a 3,200 kilometer border with a developed one.

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MONEY ETHIC & SOME DEMOGRAPHIC VARIABLES

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  1. MONEY ETHIC & SOME DEMOGRAPHIC VARIABLES • Partial correlations with other variables. • Fernando Arias-Galicia, México.

  2. SOME CHARACTERISTICS: • Mexico is the only underdeveloped country sharing a 3,200 kilometer border with a developed one. • Is a partner of the North America Free Trade Agreement (USA and Canada also.)

  3. A LITTLE BIT OF HISTORY • Precolumbian peoples used cacao nuts as a means of interchange. • The scientific name for cacao is TEOBROMA CACAO: Gods’ food.

  4. A LITTLE BIT OF HISTORY: • The Mayans used a positional notation in mathematics and the zero centuries before Europeans. • Precolumbian calendars were more precise than the one used in Europe. The latter was adjusted until the middle of the XVI century.

  5. A LITTLE BIT OF HISTORY • The Spaniards conquered Mexico (three formidable weapons: guns, horses and diseases unknown for the indigenous peoples). • They ruled the country for three centuries.

  6. A LITTLE BIT OF HISTORY: • Spaniards exploited mines of silver and gold. • But Spanish ships were attacked by pirates (English, Dutch and other nationalities) • Large amounts of money were poured into Europe.

  7. A LITTLE BIT OF HISTORY: During the XIX century, there was a lot of unrest that impeded economy to flourish. Besides, Mexico was invaded two times: • The United States declared war in 1847. As a result California, Arizona, New Mexico and Texas were taken away. • France, in 1862. President Juárez throw away the invaders in 1867.

  8. A LITTLE BIT OF HISTORY: • Porfirio Díaz ruled the country for 33 years. Railroads , telegraph and other economic factors were buoyant. But people remained poor. • In 1910 began a Revolution ( the first peasant and workers one in the XX Century). It lasted 18 years. Economy suffered.

  9. A LITTLE BIT OF HISTORY: • For 71 years the PRI (Partido Revolucionario Institucional) was in power. Although the President changed every 6 years, the same “Revolutionary family” stayed. They were interested in retaining power not so much in the advancement of people. This lead to scandalous corruption, and worst: to reinforcement of learned-helplessness.

  10. A LITLLE BIT OF HISTORY: • In 2000, people were tired of the PRI and voted for a change. Now another party is in office. • Mexico has about 100 million inhabitants. About 60% are poor. • Government has been successful in fighting inflation • Annual income per capita is about $5,750 US. Dollars.

  11. METHOD: • Total sample of 535 respondents. • Divided at random in two subsamples: Analysis and confirmation. 1). Factor analysis of 58 questions (Varimax). 2). Reliability (alpha).

  12. RESULTS: 14 factors:  1. Good (81) 2. Evil (74) 3. Make money (68) 4. Charitable money (74) 5. Equity (75) 6. Success (89) 7. Power (37) 8. Respect (84)

  13. FACTORS: 9. Happiness (76) 10. Rich (84) 11. Motivator (86) 12. Money instead of Work Achievement (86) 13. Love for work (75) 14. Budget + Save (84) “Expression” did not appeared

  14. ANOVAS: (dependents: MES) (Independents) Demographic variables: • Gender • Marital status • Sector • Job level • Age (5 categories: 10 years each).

  15. RESULTS: Gender: • Budget + save: Females • Happiness : Males • Rich : Males • Love for work : Males Job Level: • Evil : Executives Sector • Make money : Self-employed • Motivator : Self-employed + Private • Charitable money: Private Marital status: • Charitable money: Married

  16. RESULTS (Partial corr. Control variables: sex, age, education, marital status, job level & income) • Make money: N-Ach., N-Power, Intrinsic & Extrinsic. • Equity: Self-esteem, N-Ach., N-Power. • Success: N-Power, Extrinsic & Stress. • Respect: Self-esteem, N-Ach. & Intrinsic (all three negative) & Stress (positive)

  17. RESULTS (partial correlations): • Happiness: Intrinsic (negative) & Stress • Money instead of work achievement: Self-esteem, N-Ach., Pay Satisfaction, Pay Equity, Intrinsic, Commitment (negative)

  18. FORTHCOMING: • Structural Equation modelling : Pay Satisfaction, Intrinsic & Extrinsic, Money Ethic , Commitment & Withdrawal cognitions.

  19. THANK YOU FOR YOUR ATTENTION!

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