Finances and well-being: A dynamic equilibrium model of resources

Marjan J. Gorgievski-Duijvesteijn; Arnold B. Bakker; Wilmar B. Schaufeli; Peter G.M. Van Der Heijden

doi:10.1037/1076-8998.10.3.210

Finances and well-being: A dynamic equilibrium model of resources

Marjan J. Gorgievski-Duijvesteijn, Arnold B. Bakker, Wilmar B. Schaufeli, Peter G.M. Van Der Heijden

Research output: Contribution to journal › Article › peer-review

34 Citations (Scopus)

Abstract

This study of 513 Dutch farmers tested a dynamic equilibrium model of resources (an extension of the conservation of resources theory; S. E. Hobfoll, 1989, 1998, 2001). With structural equation modeling, the advantages of a 3-wave longitudinal design were comprehensively used, such as addressing bidirectional causal effects and within-individual vs. between-individual change. This allowed for a careful analysis of the management function of resources in the stress process. Results showed that well-being had stronger within-person stability than finances. Increased levels of financial problems temporarily increased psychological distress but not self-reported illness. Conversely, farmers with higher stable baselines of psychological distress also had higher baselines of self-reported illness and experienced more negative changes in their financial situation.

Original language	English
Pages (from-to)	210-224
Number of pages	15
Journal	Journal of Occupational Health Psychology
Volume	10
Issue number	3
DOIs	https://doi.org/10.1037/1076-8998.10.3.210
Publication status	Published - Jul 2005
Externally published	Yes

ASJC Scopus subject areas

Applied Psychology
Public Health, Environmental and Occupational Health

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title = "Finances and well-being: A dynamic equilibrium model of resources",

abstract = "This study of 513 Dutch farmers tested a dynamic equilibrium model of resources (an extension of the conservation of resources theory; S. E. Hobfoll, 1989, 1998, 2001). With structural equation modeling, the advantages of a 3-wave longitudinal design were comprehensively used, such as addressing bidirectional causal effects and within-individual vs. between-individual change. This allowed for a careful analysis of the management function of resources in the stress process. Results showed that well-being had stronger within-person stability than finances. Increased levels of financial problems temporarily increased psychological distress but not self-reported illness. Conversely, farmers with higher stable baselines of psychological distress also had higher baselines of self-reported illness and experienced more negative changes in their financial situation.",

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AU - Schaufeli, Wilmar B.

AU - Van Der Heijden, Peter G.M.

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AB - This study of 513 Dutch farmers tested a dynamic equilibrium model of resources (an extension of the conservation of resources theory; S. E. Hobfoll, 1989, 1998, 2001). With structural equation modeling, the advantages of a 3-wave longitudinal design were comprehensively used, such as addressing bidirectional causal effects and within-individual vs. between-individual change. This allowed for a careful analysis of the management function of resources in the stress process. Results showed that well-being had stronger within-person stability than finances. Increased levels of financial problems temporarily increased psychological distress but not self-reported illness. Conversely, farmers with higher stable baselines of psychological distress also had higher baselines of self-reported illness and experienced more negative changes in their financial situation.

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Finances and well-being: A dynamic equilibrium model of resources

Abstract

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