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Working, but not for a living: a longitudinal study on the psychological consequences of economic vulnerability among German employees

journal contribution
posted on 07.12.2020, 16:20 by Katharina Klug, Eva Selenko, Jean-Yves Gerlitz
Despite the rise of in-work poverty across Europe, the psychological consequences of individual economic vulnerability are still rather unknown. Drawing on both objective and subjective conceptualizations of economic vulnerability, we investigate the effects of individual low labour income and perceived financial strain on mental well-being. We argue that economic vulnerability restricts workers’ agency and propose sense of control as a mediator in the relationship between economic vulnerability and mental well-being – irrespective of the household’s financial situation. Multilevel analyses across 19 years based on a sample of N = 7,107 employed adults from the German Socio-economic Panel (SOEP) demonstrated that a) persons reporting low income and higher financial strain showed lower health and life satisfaction, and b) intra-individual changes in income and financial strain were associated with corresponding changes in mental health and life satisfaction, respectively. These relationships were mediated by sense of control, both on the between- and the within-person level. The findings emphasize the importance of individual income and financial strain for mental well-being, and underline sense of control as an important psychological mechanism explaining individual consequences of economic vulnerability.

History

School

  • Business and Economics

Department

  • Business

Published in

European Journal of Work and Organizational Psychology

Publisher

Taylor & Francis (Routledge)

Version

AM (Accepted Manuscript)

Rights holder

© Informa UK Limited, trading as Taylor & Francis

Publisher statement

This is an Accepted Manuscript of an article published by Taylor & Francis in European Journal of Work and Organizational Psychology on 23 Nov 2020, available online: http://www.tandfonline.com/10.1080/1359432X.2020.1843533.

Acceptance date

23/10/2020

Publication date

2020-11-23

Copyright date

2020

ISSN

1359-432X

eISSN

1464-0643

Language

en

Depositor

Dr Eva Selenko. Deposit date: 29 October 2020

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