EconomicVulnerability_MentalWell-being_EJWOP2ndrev_final.pdf (491.27 kB)
Download fileWorking, but not for a living: a longitudinal study on the psychological consequences of economic vulnerability among German employees
journal contribution
posted on 2020-12-07, 16:20 authored by Katharina Klug, Eva SelenkoEva Selenko, Jean-Yves GerlitzDespite 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 PsychologyVolume
30Issue
6Pages
790 - 807Publisher
Taylor & Francis (Routledge)Version
- AM (Accepted Manuscript)
Rights holder
© Informa UK Limited, trading as Taylor & FrancisPublisher 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
2020-10-23Publication date
2020-11-23Copyright date
2020ISSN
1359-432XeISSN
1464-0643Publisher version
Language
- en