Implications of COVID-19 labour market shocks for inequality in financial wellbeing

Botha, Ferdi; New, John P.; New, Sonja C. de; Ribar, David C.; Salamanca, Nicolás

doi:10.1007/s00148-020-00821-2

Cited by 57 publications

(39 citation statements)

References 42 publications

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“…While it is already known that preferences for natural settings vary and are associated with increased park visitation [3,4], anecdotal [5][6][7] and emerging peer-reviewed evidence [8][9][10][11] indicates many people may also have rediscovered an appetite for nature and its health benefits during this period. For many people, renewal of nature-seeking behaviour may have been motivated by a need for respite, desires to socially connect, and restoration of psychological resources depleted by concerns about the health of others and oneself, diminished job prospects and uncertain financial livelihoods [12,13]. Many others may also have visited green and/or blue spaces as familiar settings in which to psychologically distance themselves from various demanding processes of rapid adaptation, such as near-universal computermediated communication for working and home-schooling [14].…”

Section: Introductionmentioning

confidence: 99%

Time for ‘Green’ during COVID-19? Inequities in Green and Blue Space Access, Visitation and Felt Benefits

Astell-Burt

Feng

2021

IJERPH

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We hypothesized that visits to green and blue spaces may have enabled respite, connection and exercise during the COVID-19 pandemic, but such benefits might have been inequitably distributed due to differences in financial difficulties, opportunities to work from home, and localized restrictions in spatial mobility generated by ‘lockdowns’. A nationally representative online and telephone survey conducted in 12–26 October on the Social Research Centre’s Life in AustraliaTM panel (aged ≥ 18 y, 78.8% response, N = 3043) asked about access, visitation, and felt benefits from green and/or blue spaces. Increasing financial difficulty was associated with less time in and fewer visits to green and/or blue spaces, as well as fewer different types visited. Financial difficulty was also associated with feelings that visits to green and/or blue space had less benefit for maintaining social connection. Working from home was associated with more frequent and longer visitation to green and/or blue spaces, as well as discovery of ones previously unvisited. Working from home was also associated with increased levels of exercise and respite resulting from visits to green and/or blue spaces. Residents of Melbourne, a city of 4.9 million who were in ‘lockdown’ at the time of the survey, appeared more likely to benefit from visits to green and/or blue spaces than residents of Sydney, Australia’s largest city at 5.2 million, who were not in lockdown. Residents of Melbourne compared with Sydney reported consistently increased visitation of, discovery of, and greater levels of various felt benefits derived from green and/or blue spaces, including more respite, connection, and exercise. Comparatively shorter distances to preferred green and/or blue spaces and closure of alternative settings at the time of the survey completion in Melbourne compared with Sydney may provide partial explanation, though more acute responses to experiencing green and/or blue spaces within highly cognitively demanding antecedent conditions posed by lockdown are also plausible and warrant further investigation with other health indicators. These results were robust to adjustment for a range of covariates including preferences for natural settings, which were consistently associated with greater levels of green and/or blue space visitation and felt benefits. Collectively, these results indicate that parallel efforts to generate (or renew) felt connection to natural settings, to increase working from home opportunities, and to mitigate financial difficulties may be important to help maximize the population health benefits of urban planning strategies intended to improve the availability of, and to reduce inequities in access to, green and blue spaces. Benefits felt more commonly by people living through lockdown underlines the role previous investments in green and blue space have played in enabling coping during the COVID-19 pandemic.

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Section: Introductionmentioning

confidence: 99%

Time for ‘Green’ during COVID-19? Inequities in Green and Blue Space Access, Visitation and Felt Benefits

Astell-Burt

Feng

2021

IJERPH

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“…Financial well-being (FWB) has recently become a hot topic (Joo and Grable, 2004;Shim et al, 2009;Brüggen et al, 2017;Netemeyer et al, 2018;Collins and Urban, 2020). The first quarter of 2020 was severally impacted by the COVID-19 pandemic that influenced the domestic, financial, and commercial lives of the people (Barrafrem et al, 2020;Sharma et al, 2020;Botha et al, 2021). Policymakers placed financial resilience and FWB on the top of the schedule.…”

Section: Introductionmentioning

confidence: 99%

Social Capital Theory, Social Exchange Theory, Social Cognitive Theory, Financial Literacy, and the Role of Knowledge Sharing as a Moderator in Enhancing Financial Well-Being: From Bibliometric Analysis to a Conceptual Framework Model

Thomas

Gupta

2021

Front. Psychol.

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A person’s financial well-being (FWB) is the complete contentment gained from one’s present financial condition. This has a powerful impact on the entire achievement of an employee’s “well-being.” Researchers, financial analysts, financial planners, educationists, and economists have explored the “enablers” to improve employees’ living standards by investigating the possible “FWB” resources for decades. There is no literature available to show the connection between social capital theory, social exchange theory (SET), social cognitive theory (SCT), financial literacy and FWB, and employees’ financial knowledge sharing a moderator to expand the complete FWB.

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“…The correlation between the summation R-5 scale and the predicted latent R-5 scale from IRT analyses was 99.2%. The R-5 scale's reliability is excellent, moreover, with the Cronbach alpha coefficient of internal consistency (reliability) being 0.86 (Botha et al 2020) and 0.91 (Botha et al 2021) reported in previous work.…”

Section: Proposed Census Questions On Financial Wellbeingmentioning

confidence: 66%

“…Importantly, in addition to having been rigorously tested and validated (Botha et al 2020), the R-5 has also been applied more broadly using Australian survey data that studies the impact of the COVID-19 pandemic on Australians' financial wellbeing (Botha et al 2021). Publication of the latter study in the peer-reviewed academic journal Journal of Population Economics further attests to the academic community's increasing acceptance of the R-5 measure as a valid and reliable measure of self-reported financial wellbeing.…”

Section: Proposed Census Questions On Financial Wellbeingmentioning

confidence: 99%

Proposal of a short form self-reported financial wellbeing scale for inclusion in the 2026 Census

Botha

Haisken‐DeNew

2021

Aust Popul Stud

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Implications of COVID-19 labour market shocks for inequality in financial wellbeing

Cited by 57 publications

References 42 publications

Time for ‘Green’ during COVID-19? Inequities in Green and Blue Space Access, Visitation and Felt Benefits

Time for ‘Green’ during COVID-19? Inequities in Green and Blue Space Access, Visitation and Felt Benefits

Social Capital Theory, Social Exchange Theory, Social Cognitive Theory, Financial Literacy, and the Role of Knowledge Sharing as a Moderator in Enhancing Financial Well-Being: From Bibliometric Analysis to a Conceptual Framework Model

Proposal of a short form self-reported financial wellbeing scale for inclusion in the 2026 Census

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