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Crisis-induced financial anxiety, social support, socio-psychological wellbeing, and commitment to work in the tourism sector

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  • Issahaku Adam
  • Frederick Dayour
  • Albert Nsom Kimbu

Abstract

Understanding the causal influence of financial anxiety on future work commitment with social support and socio-psychological wellbeing as mediators amongst crisis-induced redundant tourism employees remains limited. Using data collected from 547 COVID-19-induced redundant tourism employees, this paper examines the influence of financial anxiety on future work commitment with social support and socio-psychological wellbeing as mediators. The findings reveal that financial anxiety has a negative influence on social support and social and psychological wellbeing. Social support has a negative influence on social wellbeing, while social support has a positive influence on future work commitment. Both social and psychological wellbeing has a negative influence on future work commitment. Meanwhile, the influence of financial anxiety on future work is fully mediated by social support and socio-psychological wellbeing. Insurance uptake and establishment of welfare funds amongst tourism employees can be used to buffer the effects of financial anxiety on future work commitment.

Suggested Citation

  • Issahaku Adam & Frederick Dayour & Albert Nsom Kimbu, 2023. "Crisis-induced financial anxiety, social support, socio-psychological wellbeing, and commitment to work in the tourism sector," Development Southern Africa, Taylor & Francis Journals, vol. 40(5), pages 1014-1037, September.
    • Handle: RePEc:taf:deveza:v:40:y:2023:i:5:p:1014-1037
    DOI: 10.1080/0376835X.2023.2165042
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