Financial well-being, COVID-19, and the financial better-than-average-effect

Barrafrem, Kinga; Västfjäll, Daniel; Tinghög, Gustav

doi:10.31234/osf.io/tkuaf

Cited by 10 publications

(10 citation statements)

References 15 publications

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“…An economic crisis is cause for concern, including among young people who are still studying, resulting in a decline in their wellbeing. Our results differ from those of Nicolaa et al [ 51 ] and Barrafrem et al [ 56 ], but are similar to those of Peterson and Tankom [ 104 ].…”

Section: Discussionsupporting

confidence: 65%

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Students’ Wellbeing during Transition from Onsite to Online Education: Are There Risks Arising from Social Isolation?

Butnaru

Haller

Dragolea

et al. 2021

IJERPH

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The COVID-19 pandemic has caused disruption to activities in many fields, including education and lifestyle. Major changes have taken place in the education system, where specific activities migrated suddenly from onsite to online. As a result, this period has witnessed an increased interest in impact studies that analyse the perceptions of the actors involved in the educational process. Based on the survey data (N = 665), the perceptions of the students in Romanian universities with regard to the effects of online education during the pandemic on their wellbeing were analysed. The empirical apparatus—SEM analysis—reached the following conclusions: the students’ wellbeing was increased under the traditional education system; the economic crisis has caused concern, and a decrease in their wellbeing; their contamination fear is moderate to low, and does not influence their wellbeing; they have been discouraged in terms of their personal development during the pandemic, and their wellbeing has suffered as a result; the role of institutions is extremely important, given that the students’ ability to study online depends on the universities’ efficiency in implementing the online system.

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Section: Discussionsupporting

confidence: 65%

“…In a study involving respondents with a mean age of 36, Barrafrem et al [ 56 ] noted their very pessimistic attitudes towards their economic situation and wellbeing, with the most optimistic attitudes being found among the highly educated population.…”

Section: Literature Review and Research Hypothesesmentioning

confidence: 99%

Students’ Wellbeing during Transition from Onsite to Online Education: Are There Risks Arising from Social Isolation?

Butnaru

Haller

Dragolea

et al. 2021

IJERPH

View full text Add to dashboard Cite

show abstract

“…In addition to direct health concerns, a potential source of negative feelings during a major crisis like the COVID-19 pandemic is the insecurity about the financial situation ( Barrafrem et al, 2020 ). Financial well-being is very much about emotions such as fear and distress ( Pixley, 2004 , Pixley, 2012a ).…”

Section: Introductionmentioning

confidence: 99%

Trust in the government increases financial well-being and general well-being during COVID-19

Barrafrem

Tinghög

Västfjäll

2021

Journal of Behavioral and Experimental Finance

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We investigate the antecedents of subjective financial well-being and general well-being during the ongoing COVID-19 pandemic. In an online survey conducted in the midst of COVID-19 pandemic with over 1000 Swedish participants we found that distrust in the government to cope with financial (but not healthcare) challenges of the pandemic was negatively related to the feeling of financial security. In a structural equation model, we also show that trust in government to deal with financial challenges of COVID-19 pandemic has a significant impact on general well-being through the mediating channel of financial well-being. In addition, trust in government to deal with healthcare challenges of COVID-19 pandemic has a significant direct impact on individuals’ general well-being. Our findings have important implications for public policy as they highlight the importance of citizens’ trust in well-functioning governmental institutions to help cope with not only healthcare, but also financial challenges of an ongoing pandemic.

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“…Parents who accompany children can develop teaching materials given from schools in the form of soft skills (Griffin, 2014), life skills (Gu et al, 2017), problem-solving through elaboration (Mestry & Grobler, 2007). The essential things that parents can do in applying the home learning model according to (Larmer, 2018) are (1) challenging the problem or question; and (2) example non-examples, also the time taken and train to develop social skills (Charoensakulchai & Hostpital, 2019;Arends, 1998;Weeks, 2000). According to Joo et al, (2019) that things that need to be considered in-home learning are (1) problem-solving efficacy; (2) task value; and (3) competency and experience (Trisdiono, 2014).…”

Section: Problem Of Researchmentioning

confidence: 99%

The Impacts of Covid-19 Pandemic: External Shock of Disruption Education and Financial Stress Cohesion

Mahmudah¹,

Wardana

2021

FWU Journal

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This research aimedto determine the effect of the: (1) financial resilience on the home learning model; (2) parenting self-efficacy on the home learning model; (3) home learning model on education innovation; (4) financial resilience on education innovation; and (5) parenting self-efficacy on education innovation on parents. This research uses a quantitative method. Respondents consisted of 250 parents whose children were currently attending kindergarten and elementary school education. Determination of the sample using random sampling. The data collection method used a questionnaire with a Likert scale and via a google form. The data analysis technique used path analysis.The results of the research data analysis show that there is a path in each variable as evidenced by (1) The effect of financial resilience on the home learning model is 0.38; (2) The effect of parenting self-efficacy on the home learning model is 0.42; (3) The effect of home learning model on education innovation is 10.37; (4) The effect of financial resilience on education innovation is 0.30; and (5) The effect of parenting self-efficacy on education innovation is 0.31. The suggestionsgiven by parents and the people of Yogyakarta are: (1) Improving financial arrangements for parents; (2) Increase the spirit of involvement for parents on learning of children at home; (3) Emphasizing the importance of learning models and education innovation for parents so that they can pay attention to children's success; (4) Continue to make efforts to improve the abilities and skills of parents so that they can play an important role for parents in children's education.

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Financial well-being, COVID-19, and the financial better-than-average-effect

Cited by 10 publications

References 15 publications

Students’ Wellbeing during Transition from Onsite to Online Education: Are There Risks Arising from Social Isolation?

Students’ Wellbeing during Transition from Onsite to Online Education: Are There Risks Arising from Social Isolation?

Trust in the government increases financial well-being and general well-being during COVID-19

The Impacts of Covid-19 Pandemic: External Shock of Disruption Education and Financial Stress Cohesion

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