Crisis-induced financial anxiety, social support, socio-psychological wellbeing, and commitment to work in the tourism sector

Crisis-induced financial anxiety, social support, socio-psychological wellbeing, and commitment to work in the tourism sector

Author: 
Adam, Issahaku
Place: 
Oxon
Publisher: 
Taylor and Francis
Date published: 
2023
Record type: 
Responsibility: 
Dayour, Frederick, jt. author
Kimbu, Albert Nsom, jt. author
Journal Title: 
Development Southern Africa
Source: 
Development Southern Africa, Vol. 40 No. 5, 2023 pp. 1014-1037
ISSN: 
Print: 0376-835X; Online: 1470-3637
Abstract: 

Understanding the causal influence of financial anxiety on future work commitment with social support and socio-psychological wellbeing as mediators amongst crisis-induced redundant tourism employees remains limited. Using data collected from 547 COVID-19-induced redundant tourism employees, this paper examines the influence of financial anxiety on future work commitment with social support and socio-psychological wellbeing as mediators. The findings reveal that financial anxiety has a negative influence on social support and social and psychological wellbeing. Social support has a negative influence on social wellbeing, while social support has a positive influence on future work commitment. Both social and psychological wellbeing has a negative influence on future work commitment. Meanwhile, the influence of financial anxiety on future work is fully mediated by social support and socio-psychological wellbeing. Insurance uptake and establishment of welfare funds amongst tourism employees can be used to buffer the effects of financial anxiety on future work commitment.

Language: 
Country focus: 

CITATION: Adam, Issahaku. Crisis-induced financial anxiety, social support, socio-psychological wellbeing, and commitment to work in the tourism sector . Oxon : Taylor and Francis , 2023. Development Southern Africa, Vol. 40 No. 5, 2023 pp. 1014-1037 - Available at: https://library.au.int/crisis-induced-financial-anxiety-social-support-socio-psychological-wellbeing-and-commitment-work