Ethical behaviors and wealth: generation Y’s experience

Abstract

This research investigates if ethical behaviors and personal finances are related using a large scale U.S. random survey called the NLSY97. Fifteen indicators covering both ethical and unethical behaviors are compared to net worth for people in their 20s and 30s, who are called Generation Y. Breaking rules, stealing and being arrested are associated with less wealth in this generation. Results suggest that among people in their early 20s there is little or no relationship between ethical behaviors and wealth. However, as this cohort ages, a positive relationship between acting more ethically and wealth emerges.