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Journal Article

Everybody hurts: self-employment, financial concerns, mental distress, and well-being during COVID-19

Authors

Publication date

Jun 2021

Summary

Adopting an abductive approach, in this paper we use two studies to examine the relationships between financial worries and well-being amongst the self-employed during the time of the COVID-19 pandemic. In Study 1 of 4806 participants from the Understanding Society’s COVID-19 survey of the UK population, we find that financial worries were associated with higher mental distress for self-employed when facing reduced work hours. In Study 2, in a sample of 1794 participants from the six-country COVID study, we find that higher than expected fall in income mediates the association between self-employment and happiness. The findings have implications for research regarding financial worries, distress, and well-being of the self-employed.

Published in

Journal of Business Venturing Insights

Volume

15:e00231

DOI

https://doi.org/10.1016/j.jbvi.2021.e00231

ISSN

16

Subjects

Psychology, Management: Business, Labour Market, Income Dynamics, Well Being, Health, Finance, and Covid 19

Links

University of Essex, Albert Sloman Library Periodicals *restricted to University of Essex registered users* - https://lib.essex.ac.uk/iii/encore/record/C__Rb2032216

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