DP4655 | Personal Value Priorities of Economists

Publication Date

23/10/2004

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Abstract

Economists often play crucial roles in designing and implementing public policies; thus it is of importance to better understand the values that underlie their decisions. We explore the value hierarchies of economists in four studies: The first two studies examine whether value differences exist between students of economics and other social sciences students. The final two studies examine how value priorities important to economics students relate to identification with the organization and work orientation. Taken together, our findings indicate that economists have a distinctive pattern of value priorities that may affect their work-related perceptions and attitudes and hence impact their policy decisions and recommendations.