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Financial hardship of the self-employed comes with impaired well-being

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Financial hardship of the self-employed comes with impaired well-being

Annabelle Hofer

Financial hardship is significantly related to impaired well-being among self-employed individuals in different European countries, as a new study shows. However, this effect differed significantly between countries. The study found that the economic conditions of a country play an important role in this regard. For self-employed people living in a country with a more supportive social policy in the form of unemployment allowance, financial hardship and well-being were less strongly related. In addition, an individual’s education and social trust were buffers against lower well-being.

Annink, A., Gorgievski, M., & Den Dulk, L. (2016). Financial hardship and well-being: a cross-national comparison among the European self-employed. European Journal of Work and Organizational Psychology, 25(5), 645-647.