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Finances and Well-Being: A Dynamic Equilibrium Model of Resources.
Authors:Gorgievski-Duijvesteijn  Marjan J; Bakker  Arnold B; Schaufeli  Wilmar B; van der Heijden  Peter G M
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. (PsycINFO Database Record (c) 2010 APA, all rights reserved)
Keywords:dynamic equilibrium  finances  well being  stress  conservation of resources theory  causal effects  individual change  Dutch farmers  psychological distress  self-reported illness
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