Financial strain and subjective well-being of unemployed individuals during COVID-19

Zahid Hameed, Thomas Garavan, Rana Muhammad Naeem, M Burhan, Ghulam Ali Arain

Research output: Contribution to journalConference articlepeer-review


The sudden outbreak of COVID-19 has engendered unprecedented challenges and disruptions in nearly every field across the globe. The destabilized economic conditions have resulted in large-scale downsizing and layoffs, particularly in the hospitality and tourism sector which is the focus of the study. This scenario has prompted financial strain and reduced subjective well-being among those individuals who were laid off. Using the conservation of resources (COR) theory, we investigated the impact of financial strain on the subjective well-being of the laid off employees (N=284) in the hospitality and tourism sector through the mediating mechanism of negative affectivity. We also investigated the extent to which this mediated relationship is moderated by the individuals’ core-self evaluations. The results provided support for the hypothesized relationships in the study. We discuss the theoretical and practical implications of our research.
Original languageEnglish
JournalAcademy of Management Proceedings
Issue number1
Publication statusE-pub ahead of print - 26 Jul 2021
EventAnnual Meeting of the Academy of Management: Bringing the Management Back in Management - Online
Duration: 29 Jul 20214 Aug 2021
Conference number: 81


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