2016
DOI: 10.1002/smi.2688
|View full text |Cite
|
Sign up to set email alerts
|

Money Matters: Recommendations for Financial Stress Research in Occupational Health Psychology

Abstract: Money is arguably the most important resource derived from work and the most important source of stress for contemporary employees. A substantial body of research supports the relationship between access to financial resources and health and well-being, both at individual and aggregated (e.g. national) levels of analysis. Yet, surprisingly little occupational health psychology research has paid attention to financial issues experienced specifically by those in the labour force. With these issues in mind, the o… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1

Citation Types

2
74
0

Year Published

2016
2016
2020
2020

Publication Types

Select...
6

Relationship

0
6

Authors

Journals

citations
Cited by 73 publications
(76 citation statements)
references
References 96 publications
2
74
0
Order By: Relevance
“…So although the work–family interface helps explain the relationship of financial insecurity and health, the most meaningful appraisal process occurs through perceptions of stress. Our research answers the call from Sinclair and Cheung () to explicitly test the cognitive appraisal framework in a way that sheds light on the unique effects that cognitive evaluations – in our research, evaluations of stress in particular – have on physical and psychological health in a financial context. Thus, occupational health researchers can rely on the evidence from our studies that empirically establish the importance of cognitive evaluations of stress when linking financial insecurity to worker health.…”
Section: Discussionmentioning
confidence: 53%
See 2 more Smart Citations
“…So although the work–family interface helps explain the relationship of financial insecurity and health, the most meaningful appraisal process occurs through perceptions of stress. Our research answers the call from Sinclair and Cheung () to explicitly test the cognitive appraisal framework in a way that sheds light on the unique effects that cognitive evaluations – in our research, evaluations of stress in particular – have on physical and psychological health in a financial context. Thus, occupational health researchers can rely on the evidence from our studies that empirically establish the importance of cognitive evaluations of stress when linking financial insecurity to worker health.…”
Section: Discussionmentioning
confidence: 53%
“…Aside from our theoretical basis, our focus on the construct of perceived financial insecurity stems from concern surrounding the measurement of financial well‐being. The operationalization of ‘financial well‐being’ has been conceptualized both subjectively (e.g., perceptions of employment uncertainty, perceived ability to pay bills, or unexpected expenses) and objectively (e.g., personal income, unemployment, household income; Sinclair & Cheung, ). The varying strategies for measuring financial well‐being can become problematic when attempting to understand how financial situations influence health.…”
Section: Introductionmentioning
confidence: 99%
See 1 more Smart Citation
“…Sinclair and Cheung's () review calling for efforts to more fully integrate the role of financial stress into occupational health research provides an interesting, almost mirror image, approach to that which evolved in the unemployment, and later underemployment, literature. That is to say, income loss and financial stress are presumed outcomes to job loss and unemployment, with the psychological, physiological and career effects as secondary research avenues.…”
mentioning
confidence: 99%
“…Thirdly, they offer numerous practical research recommendations, such as measuring income at the household level, being clear regarding whether income is gross or net of taxes, and using log‐transformed measures given the propensity towards skewness in income distributions. However, the measurement of financial status and financial stress is even more complex and multidimensional than indicated by Sinclair and Cheung (). Here, I describe additional constructs relevant to the measurement of financial status and financial stress and propose the processes/mechanisms by which they affect outcomes.…”
mentioning
confidence: 99%