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

Ruud Gerards and Riccardo Welters

Journal of Economic Psychology, 2022, vol. 90, issue C

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.

Keywords: Unemployment; Job search effectiveness; Financial hardship; Confounding relationships; Job search quality (search for similar items in EconPapers)
JEL-codes: J08 J28 J32 J64 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:90:y:2022:i:c:s0167487022000265

DOI: 10.1016/j.joep.2022.102508

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