Detailed Information on Publication Record
2021
Individual Differences in Behavioural Responses to the Financial Threat Posed by the COVID-19 Pandemic
ADAMUS, Magdalena and Matúš GREŽOBasic information
Original name
Individual Differences in Behavioural Responses to the Financial Threat Posed by the COVID-19 Pandemic
Name (in English)
Individual Differences in Behavioural Responses to the Financial Threat Posed by the COVID-19 Pandemic
Authors
ADAMUS, Magdalena and Matúš GREŽO
Edition
Brno, MUNI ECON Working Papers, 2021, 2571-130X
Other information
Type of outcome
Článek v odborném periodiku (nerecenzovaný)
Confidentiality degree
není předmětem státního či obchodního tajemství
References:
Keywords in English
financial threat; neuroticism; uncertainty intolerance; consumption patterns; coping strategies; COVID-19
Změněno: 20/4/2021 11:41, Dr. Magdalena Adamus
Abstract
V originále
Using a representative sample of 400 Slovaks, the study investigated the mediating role of subjective perception of financial threat to the relation between psychological resources and behavioural responses in the adaptation to financial stress posed by the COVID-19. The results showed that greater neuroticism and uncertainty intolerance were positively related to aggravated perception of financial threat. This led to greater willingness to change consumption patterns and use of mostly problem-focused coping strategies. The model remained robust after controlling for chronic financial hardship moderators, including the absence of savings and indebtedness. In contrast, acute financial hardship caused by the deterioration of one’s financial situation during the pandemic showed to significantly moderate the relation between one’s psychological resources and perceived financial threat.