Job search in the presence of a stressor: Does financial hardship change the effectiveness of job search?

Ruud Gerards, Riccardo Welters

Research output: Contribution to journalArticleAcademicpeer-review

Abstract

Following a group of 2,973 Australian unemployed job seekers over time, we confirm predictions from Self-Determination Theory, Conservation of Resources Theory and Scarcity Theory that the presence of financial hardship during job search adversely affects job search quality and subsequently job search effectiveness (measured one year later). We show the importance in labor market research of controlling for a range of confounding factors including the impact of financial hardship on job search intensity. The implemented controls allow more precise inferences of the effect of financial hardship on job search quality/effectiveness, than so far achieved in this emerging body of literature.
Original languageEnglish
Article number102508
Number of pages14
JournalJournal of Economic Psychology
Volume90
Issue number102508
Early online dateJun 2022
DOIs
Publication statusPublished - Jun 2022

JEL classifications

  • j28 - "Safety; Job Satisfaction; Related Public Policy"
  • j08 - Labor Economics Policies
  • j64 - Unemployment: Models, Duration, Incidence, and Job Search
  • j32 - "Nonwage Labor Costs and Benefits; Private Pensions"

Keywords

  • Confounding relationships
  • Financial hardship
  • Job search effectiveness
  • Job search quality
  • Unemployment
  • HILDA SURVEY
  • PERSONALITY
  • REEMPLOYMENT
  • LONE PARENTS
  • UNEMPLOYMENT DURATION
  • MOTIVATION
  • STRATEGIES
  • COEFFICIENT
  • CASH-ON-HAND
  • SELF-DETERMINATION THEORY

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