Everybody hurts: Self-employment, financial concerns, mental distress, and well-being during COVID-19
2021; Elsevier BV; Volume: 15; Linguagem: Inglês
10.1016/j.jbvi.2021.e00231
ISSN2352-6734
AutoresMarcus T. Wolfe, Pankaj C. Patel,
Tópico(s)Entrepreneurship Studies and Influences
ResumoAdopting an abductive approach, in this paper we use two studies to examine the relationships between financial worries and well-being amongst the self-employed during the time of the COVID-19 pandemic. In Study 1 of 4806 participants from the Understanding Society's COVID-19 survey of the UK population, we find that financial worries were associated with higher mental distress for self-employed when facing reduced work hours. In Study 2, in a sample of 1794 participants from the six-country COVID study, we find that higher than expected fall in income mediates the association between self-employment and happiness. The findings have implications for research regarding financial worries, distress, and well-being of the self-employed.
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