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Economic Stress, Employee Commitment, and Subjective Well-Being

Revista de Psicología del Trabajo y de las Organizaciones, 2023-04, Vol.39 (1), p.7-12 [Peer Reviewed Journal]

2023. This work is licensed under https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es_ES (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. ;ISSN: 1576-5962 ;ISSN: 2174-0534 ;EISSN: 2174-0534 ;DOI: 10.5093/jwop2023a2

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  • Title:
    Economic Stress, Employee Commitment, and Subjective Well-Being
  • Author: Lado, Mario ; Alonso, Pamela ; Cuadrado, Damaris ; Otero, Inmaculada ; Martínez, Alexandra
  • Subjects: Coronaviruses ; COVID-19 ; Economic crisis ; economic stress ; Emotions ; employee commitment ; Employee turnover ; Employment ; Hypotheses ; Job performance ; Job satisfaction ; Medical research ; negative affect ; Occupational psychology ; Pandemics ; psychological well-being ; Psychology ; Public, Environmental & Occupational Health
  • Is Part Of: Revista de Psicología del Trabajo y de las Organizaciones, 2023-04, Vol.39 (1), p.7-12
  • Description: COVID-19 pandemic has created unprecedented health and economic crises across the world. Millions of businesses have been obliged to shut down, and millions of jobs have been lost. These effects have created a very severe economic-related stress level, which can have consequences on psychological well-being (PWB) and economic commitment (EC). This study examined the relationships between objective and subjective indicators of income-related stress and employment-related stress and PWB and EC. The 697 participants were contacted during the peak of the COVID-19 pandemic. The sample includes private-sector employees, civil service employees, self-employed, furloughed employees, and unemployed. Results show that the economic stress produced by COVID-19, as estimated by a compound of objective and subjective income-and employment-related stress, produced a negative effect on PWB (r = .21, p < .001) and EC (r = .29, p < .001). Multiple regression showed that subjective income-related stress was the main predictor of PWB, positive affect, and negative affect and that economic deprivation and objective employment-related stress were the predictors of EC and its three components, affective, normative, and continuity. Finally, the contribution and some practical implications of the findings are discussed.
  • Publisher: Madrid: Revista de Psicología del Trabajo y de las Organizaciones
  • Language: English;Portuguese
  • Identifier: ISSN: 1576-5962
    ISSN: 2174-0534
    EISSN: 2174-0534
    DOI: 10.5093/jwop2023a2
  • Source: ProQuest One Psychology
    SciELO
    Coronavirus Research Database
    ProQuest Central
    DOAJ Directory of Open Access Journals
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