Finances and well-being: a dynamic equilibrium model of resources.
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.
Gorgievski-Duijvesteijn
Marjan J
MJ
Institute of Psychology, Erasmus University Rotterdam, Rotterdam, Netherlands. gorgievski@fsw.eur.nl
Bakker
Arnold B
AB
Schaufeli
Wilmar B
WB
van der Heijden
Peter G M
PG
D000328:Adult; D000368:Aged; D000383:Agriculture / Q000191:economics; D005260:Female; D005382:Financing, Personal; D006801:Humans; D008137:Longitudinal Studies; D008297:Male; D008875:Middle Aged; D008962:Models, Theoretical; D009426:Netherlands; D011788:Quality of Life; D013315:Stress, Psychological