Arbeitspapier

Individual Differences in Behavioural Responses to the Financial Threat Posed by the COVID-19 Pandemic

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.

Sprache
Englisch

Erschienen in
Series: MUNI ECON Working Paper ; No. 2021-09

Klassifikation
Wirtschaft
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Behavioral Finance: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets‡
Thema
financial threat
neuroticism
uncertainty intolerance
consumption patterns
coping strategies
COVID-19

Ereignis
Geistige Schöpfung
(wer)
Adamus, Magdalena
Grežo, Matúš
Ereignis
Veröffentlichung
(wer)
Masaryk University, Faculty of Economics and Administration
(wo)
Brno
(wann)
2021

DOI
doi:10.5817/WP_MUNI_ECON_2021-09
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Adamus, Magdalena
  • Grežo, Matúš
  • Masaryk University, Faculty of Economics and Administration

Entstanden

  • 2021

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