Ethical behaviors and wealth: generation Y’s experience
Files
Accepted manuscript
Date
2017
DOI
Authors
Zagorsky, Jay L.
Version
Accepted manuscript
OA Version
Citation
J.L. Zagorsky. 2017. "Ethical behaviors and wealth: Generation Y’s experience." Journal of Financial Counseling and Planning, Volume 28, pp. 181 - 195.
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.