Why do individuals hold different ideological beliefs? Examining the determinants of political ideology has long been a topic of research within the field of political science, due to the nature of left-right ideological position influencing many of our political behaviors. I present a model that explains certain effects of individual-level determinants on political ideology, understood on an economic dimension. Using data from the pooled European Values Survey and World Values Survey, I find that individuals hold different ideological beliefs on the economic dimension due to factors such as religiosity, education, and gender.