The psychology of inflation on commitment bonds and citizenship intent: the case of Ghana

This study investigated the moderating effect of perceived inflation, an economic volatility construct, on the relation between commitment bonds and citizenship behaviour in the organisation and the union. A survey questionnaire was used to elicit perceptual responses from respondents in multiple unionised organisations in Ghana. Moderated multiple regression analysis was used to test the hypothesised relationships that perceived inflation differentially moderates the bond-citizenship relationships. After achieving conceptual fit of the multidimensional constructs, the inflation construct had an interactive effect on the organisational model but did not affect the union model. Perceived inflation moderates the effect of the affective bond on citizenship intent. The finding contributes to the literature on the psychology of inflation and the understanding of the impact of economic volatility on attitudes in the emerging economy of Ghana. Theoretical and practical implications, as well as directions for future research, are discussed.