Looking to Unemployment and Underemployment Research for Insights on including Financial Variables in Occupational Health Research: A Commentary on Sinclair and Cheung (2016)

McKee‐Ryan, Frances M.

doi:10.1002/smi.2682

Cited by 1 publication

(1 citation statement)

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“…A study by Sirgy et al ( 2001 ) identified several major needs that can be fulfilled only through employment: social needs, esteem needs, actualization needs, knowledge needs, family needs, health and safety needs, and aesthetic needs. Other studies have shown that unemployment and job loss undermine these needs and may lead to loss of identity and self-worth (Amundson & Borgen, 1982 ; McKee-Ryan, 2016 ). In a household panel study of low-income households in Germany, Pohlan ( 2019 ) found evidence of both economic and social consequences of job loss, including fewer economic resources, lower levels of life satisfaction, mental health, and social integration.…”

Section: Introductionmentioning

confidence: 99%

Employment Disruption and Wellbeing Among Young Adults: A Cross-National Study of Perceived Impact of the COVID-19 Lockdown

Serido

Vosylis

et al. 2023

J Happiness Stud

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Young adulthood (18–30 years old) is a crucial period due to its developmental tasks such as career establishment and financial independence. However, young adults’ relative lack of resources makes them vulnerable to employment disruptions (job loss and income loss), which may have both immediate and long-term effects on their financial wellbeing and mental health. The economic impact of COVID-19 restrictions resulted in an increase in unemployment and a decrease in income worldwide, especially for young adults. This study examined to what extent and how job loss and income loss due to the pandemic influenced young adults’ perception of their present financial wellbeing, future financial wellbeing, and psychological wellbeing by using cross-sectional survey data collected from six countries (China, Italy, Lithuania, Portugal, Slovenia, and the United States). Results showed that the impact of income loss and job loss on all three types of wellbeing were mediated by young adults’ negative perception of the COVID-19 lockdown restriction (i.e., perceived as a misfortune). Cross-country differences existed in the key variables. The association between employment disruptions, young adults’ perception of the COVID-19 lockdown restriction, and wellbeing were equivalent across countries except China. Implications for policy and practice are discussed.

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