scholarly journals Sustainable Debt Behaviour and Well-Being of Young Adults: The Role of Parental Financial Socialisation Process

2019 ◽  
Vol 11 (24) ◽  
pp. 7210
Author(s):  
Andrzej Cwynar ◽  
Wiktor Cwynar ◽  
Monika Baryła-Matejczuk ◽  
Moises Betancort

Literature shows that parental financial socialisation plays an important role in attaining financial literacy as well as in shaping sustainable financial behaviours and that both translate into increased well-being indicators and financial security on micro- and macroeconomic levels. However, debt literacy and debt behaviour seem to be unique. Very little is known about the childhood financial socialisation process through which adults’ sustainable debt behaviour is shaped and how debt behaviour may affect well-being. This study tests a hierarchical model of childhood financial socialisation consisting of five levels: the anticipatory parental socialisation, and later life financial learning outcomes (particularly, debt literacy levels), financial attitudes, debt behaviour, and well-being. Using data collected from a purposive sample of young adult Poles (N = 600) during the period from 10 to 13 November 2018 and employing structural equation modelling, we have found evidence confirming the hierarchical relationship of literacy–attitude–behaviour. Our data do not support, however, either the hypothesised positive relationship between parental socialisation and objectively measured debt literacy or the assumed relationships between debt behaviour and well-being indicators. We posit that country-specific factors related to generational differences entailed by system-wide transition and the specificity of debt behaviour, respectively, are key for explaining these empirical deviations from the assumed conceptual framework. Finally, we found no significant differences between the models estimated separately for maternally conditioned and paternally conditioned respondents.

2021 ◽  
Vol 18 (4) ◽  
pp. 272-292
Author(s):  
Mitchell Neubert ◽  
Cindy Wu ◽  
Kevin Dougherty

Managers and ministers exercise influence over their members inside and outside of their organizations. We examine the relationship of servant leadership from two contexts, an individual’s workplace and place of worship, with regulatory foci, and, in turn, entrepreneurial behavior and counterproductive work behavior (CWB) at work. Moreover, we contend that spiritual discipline (i.e., prayer and reading sacred texts) moderates the relationship of servant leadership to regulatory focus by altering the salience of each leader’s behavior. Using data collected in two waves from 912 working adults, we test the proposed relationships with multi-group structural equation modeling. Findings largely support the hypotheses and point toward important implications for servant leadership in both workplace and place of worship settings.


2019 ◽  
Vol 75 (8) ◽  
pp. 1808-1817
Author(s):  
Matthew R Wright

Abstract Objectives Later life marital patterns have undergone shifts over the past few decades, including a rapid growth of cohabiting unions. Despite the increase in older adult cohabitation, research on this population has been slow to keep up. Intimate relationships are linked to well-being and relationship quality is especially important because high-quality relationships offer a number of benefits for well-being, whereas poor-quality relationships often are detrimental. This study compares cohabiting and remarried individuals on two measures of relationship quality. Method Using data from the 2010 and 2012 Health and Retirement Study, I investigate the positive and negative relationship quality of cohabitors relative to their remarried counterparts and whether the association of union type and relationship quality varies by race. Results Across both positive and negative relationship quality, I found few differences between cohabiting and remarried individuals. Black cohabitors report higher positive relationship quality than remarrieds, whereas White cohabitors and remarrieds do not differ. Discussion These findings suggest that cohabiting unions and remarriages are comparable among White older adults, but that Black cohabitors may gain more in terms of positive relationship quality than their remarried counterparts.


Assessment ◽  
2016 ◽  
Vol 23 (6) ◽  
pp. 720-733 ◽  
Author(s):  
Harsha N. Perera

Extant theory posits well-differentiated dimensions of perceived social support as measured using the Social Provisions Scale (SPS). However, evidence is inconsistent with this multidimensionality perspective, with SPS factor correlations near unity and higher between-factor than within-factor item correlations. This article reports on research investigating the internal structure, gender invariance, and predictive validity of SPS scores. The analyses are conducted in a novel bifactor exploratory structural equation modeling (ESEM) framework, which is designed to account for presumed psychometric multidimensionality in SPS items due to (a) their fallibility as pure indicators of the constructs they are purported to measure and (b) the coexistence of general and specific factors. Based on 376 item responses, evidence was obtained for a bifactor-ESEM representation of the SPS data. In addition, support was found for the invariance of item thresholds and the latent mean invariance of six of the seven SPS factors in the retained solution. Only mean levels of Social Integration were found to differ by gender, with men scoring higher than women. Finally, evidence was obtained for the predictive validity of SPS scores with respect to loneliness and psychological well-being. Quite apart from yielding evidence validating the SPS, this research demonstrates the utility of bifactor ESEM for psychological assessment.


Author(s):  
Made Ayu Desy Geriadi ◽  
Luh Erynayati ◽  
Ni Putu Yuliana Ria Sawitri

This examination means to decide how the role financial literacy in moderating the relationship of access to finance and growth. The area for this exploration held in Denpasar. The quantity of tests taken is 100 small medium enterprise (SMEs), with a likelihood inspecting methods are basic irregular examining. Information examination in this investigation utilized the Partial Least Square (PLS) approach. PLS is a condition model for Structural Equation Modeling (SEM) in view of parts or variations. This examination is to get results which expressed that the access to finance has a positive and significant effect on growth of SMEs. Financial literacy has a positive and significant effect on growth of SMEs. Financial literacy moderates the relationship between access to finance and growth of SMEs


2021 ◽  
Vol 5 (Supplement_1) ◽  
pp. 93-93
Author(s):  
J Jill Suitor ◽  
Megan Gilligan ◽  
Catherine Stepniak ◽  
Yifei Hou ◽  
Robert Frase

Abstract The deaths of family members constitute one of the most serious negative life events experienced in adulthood. The impact of these losses on psychological well-being may differ considerably by the structural relationship between the deceased and the survivors, and by the genders of both family members; however, few studies have been able to explore these variations by generation, gender, and time since death. In this paper, we use mixed-methods data to explore how depressive symptoms are affected differentially in adulthood by the deaths of mothers, fathers, and siblings, as well as by the gender of survivors. We address these questions using data collected from approximately 600 adult children nested within 250 later-life families, in which approximately 55% experienced the death of at least one parent and 15% experienced the death of a sibling in the previous decade. Preliminary multilevel regression analyses showed that deaths of siblings predicted sisters’ but not brothers’ depressive symptoms. In the case of parents, only mothers’ deaths were found to predict daughters’ depressive symptoms, whereas neither parents’ deaths predicted sons’ well-being. Further, these patterns differed little by time since death. Qualitative data revealed that women were more likely to report that both their mothers’ and siblings’ deaths had led to higher conflict within the sibling network, which previous research has shown predicts psychological well-being. Taken together, these findings demonstrate the salient role of gender in shaping well-being in the face of events of deaths of parents and siblings in adulthood.


2019 ◽  
Author(s):  
Sediqe Shafiei ◽  
Shahram Yazdani ◽  
A Hamid Zafarmand ◽  
Mohammad-Pooyan Jadidfard ◽  
sareh Shakerian

Abstract Objective : Increasing social welfare and reducing poverty are to ensure the well-being of all classes of a society. Cities and villages are distinguished by cultural and economic disparities. The purpose of this study was to develop and present a comprehensive model on welfare and wealth components and their relationship with each other , as well as determining the contributing factors and variables affecting them by presenting a comprehensive model. Results : The Structural Equation Modeling ( SEM ) method was used to analyze the data and investigate the causal relationship of latent variables. Observed variables and latent variables of the model were analyzed and tested by using AMOS and SPSS (version 21) statistical methods, in two exploratory and confirmatory steps. Wealth and welfare were identified as two separate subjects in the conceptual model and in the final structural model for rural households. Unlike, in the urban community, they were recognized as a single category in the final structural model. The results of this study can provide the clear hints for effective policy making to break the cycle of deprivation and poverty in Iranian rural and urban population.


2021 ◽  
Vol 12 ◽  
Author(s):  
Kanchan Sehrawat ◽  
Madhu Vij ◽  
Gaurav Talan

Many countries are taking steps to establish national strategies to improve the financial well-being (FWB) of their people. However, FWB as a term is still in the infancy stage with a handful of models developed in the context of developed countries. Thus, there is a need to understand FWB from a multi-disciplinary and multi-dimensional approach to draft and implement efficient strategies, especially in the context of developing countries like India. In this study, we have performed path analysis to identify the specific constituents of financial literacy, financial behavior (FinB), and personality traits that affect the FWB (perceived and objective) of an individual in Indian context. Survey responses of 349 respondents are analyzed to empirically validate the proposed relationships using the partial least squares structural equation modeling (PLS-SEM) approach. The analysis mostly provides support to existing literature and challenges some. The findings provide support to 12 out of 17 tested effects with eight hypotheses. The understanding of pathways that lead to increased FWB of individuals has the potential to facilitate effective policy-making and designing of curriculum to support efforts of individuals toward higher FWB and responsible FinBs.


2018 ◽  
Vol 22 (1) ◽  
pp. 5-30 ◽  
Author(s):  
Ian Adams ◽  
Sharon Mastracci

Police departments in the United States are rapidly adopting body-worn cameras (BWCs). To date, no study has investigated the effects of BWCs on police officers themselves, despite evidence suggesting negative effects of electronic performance monitoring on employee well-being. Police officers already experience higher levels of burnout than other professions. We hypothesize that the intense surveillance of BWCs will manifest in how police officers perceive the organizational support of their departments and will increase burnout. We test these hypotheses using data from patrol officers ( n = 271) and structural equation modeling. We find BWCs increase police officer burnout, and this effect is statistically different from zero. We also find that BWCs decrease officers’ perceived organizational support, which mediates the relationship between BWCs and burnout. Greater perceived organizational support can blunt the negative effects of BWCs. Our study is the first to situate effects on officers at the center of BWC literature.


2015 ◽  
Vol 44 (5) ◽  
pp. 691-716 ◽  
Author(s):  
Ine Beyens ◽  
Steven Eggermont

Prior research has suggested that mothers’ life logistics may increase opportunities for children to watch television. However, associations between structural circumstances of mothers’ lives and levels of children’s television use have not been empirically investigated. The contribution of this study is that it investigates maternal structural life circumstances longitudinally associated with children’s television time and potential mechanisms underlying this association. More specifically, the study examined the association between mothers’ working hours and children’s television time, and the mediating roles of mothers’ parenting time pressure and well-being in this relationship. Structural equation modeling using data from a two-wave panel survey of mothers of 1- to 4-year-olds ( N = 404) demonstrated a longitudinal relationship between mothers’ working hours and children’s television time. This relationship was mediated by mothers’ parenting time pressure and well-being, indicating that high maternal working hours create parenting time pressure and undermine mothers’ well-being, which encourages children to watch more television.


2014 ◽  
Vol 22 (4) ◽  
pp. 474-481 ◽  
Author(s):  
Mark G. Davis ◽  
Kenneth R. Fox ◽  
Afroditi Stathi ◽  
Tanya Trayers ◽  
Janice L. Thompson ◽  
...  

The relationship of objectively measured sedentary time (ST), frequency of breaks in ST, and lower extremity function (LEF) was investigated in a diverse sample aged ≥ 70 years (n = 217). Physical activity (PA) was assessed by accelerometry deriving moderate-vigorous PA (MVPA) minutes per registered hour (MVPA min · hr−1), registered ST (ST min · hr−1), and breaks in ST min · hr−1 (breaks · hr−1). LEF was assessed by the Short Physical Performance Battery. Univariate associations with overall LEF were MVPA (r = .523), ST (r = −.499), and breaks (r = .389). Adjusted linear regression including MVPA min · hr−1, ST min · hr−1, and breaks · hr−1 explained 41.5% of LEF variance. Each additional break · hr−1 was associated with 0.58 point increase in LEF. Breaks and MVPA had strongest independent associations with LEF. Promoting regular breaks might be useful in maintaining or increasing LEF and later life independence. This novel finding is important for the design of effective lifestyle interventions targeting older adults.


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