HuSS: International Journal of Research in Humanities and Social Sciences

Open Access Open Access  Restricted Access Subscription Access

An Empirical Study on Measuring the Association between Job Status of Individuals and their Current Financial Condition


Affiliations
1 Department of Humanities, PSG College of Technology, Coimbatore, Tamil Nadu, India
2 Department of Commerce, PSG College of Arts and Science, Coimbatore, Tamil Nadu, India
3 Management Development Institute of Singapore, Singapore
 

Job status of individuals is generally applied as a determinant in measuring their financial status. The job is linked with the salary earned by an individual, who is a part of any family household. This study aims to measure the association that prevails between job status of individuals and their current financial condition. The study confirms the fact that, influences of job on the employees' including private sector workers' life-style and socio-economic status are more related to emotional feel. The study suggests that wise investment pattern and strategic financial planning can support both self-employed persons and employees working in either public or private sectors in enhancing their current financial conditions.

Keywords

Financial Conditions, Financial Literacy Level, Financial Status, Job Status.
User
Notifications
Font Size

  • Mustapha N. The influence of financial reward on job satisfaction among academic staffs at public universities in Kelantan, Malaysia. International Journal of Business and Social Science. 2013 Mar; 4(3):244–8.

  • Cohen M. Sebstad J. Financial education for the poor. Working Paper, Microfinance Oppurtunities, Washington, DC; 2003. Available from: www.microfinanceopportunities.org

  • Joo S, Grable JE. An exploratory framework of the determinants of financial Satisfaction. Journal of Family and Economic Issues. 2004; 25(1):162–71. Available from: http://dx.doi.org/10.1023/B:JEEI.0000016722.37994.9f

  • Tedeschi RG, Calhoun LG. Posttraumatic growth: Conceptual foundations and empirical evidence; 2004. Available from: http://dx.doi.org/10.1207/s15327965pli1501_

  • Neill B, Xiao JJ, Sorhaindo ETB. Financially distressed consumers: Their financial practices, financial well-being, and health. Financial Counseling and Planning; 2005.

  • Caskey J. Can personal financial management education promote asset accumulation by thepoor? Networks Financial Institute Policy Brief No. 2006-PB-06; 2006. Available from SSRN: http://ssrn.com/abstract=923565

  • Tamimi AH, Kalli AB. Financial literacy and investment decisions of UAE investors. The Journal of Risk Finance. 2009; 10(5).

  • Holzmann R. Bringing financial literacy and education to low and middle income countries: The need to review, adjust, and extend current wisdom. World Bank, IZA and CES, 2010. Available from: http://erepository.uonbi.ac.ke:8080/ xmlui/handle/123456789/9897

  • Cude BJ. Financial literacy. The Journal of ConsumerAffairs. 2010; 44(2).

  • Mc Carthy. Behavioral characteristics and financial distress. European Central Bank Working Paper Series, No1303/F; 2011 Feb. Available from: http://ssrn.com/abstract_ id=1761570>

  • Marican S, Btezakaria R, Abdulrahman A. Stressed employees at workplace: A Malaysian Perspective. International Journal of Research in Social Sciences. 2012; 2(2). Available from: http://www.ijmra.us

  • NCAER Saving in India, 1950-51 to 1961-62. New Delhi; 1960.

  • Kothari CR. Research methodology methods and techniques. Available from: www.newagepublishers.com

  • Gitman LJ. Personal finance. IIIinosis: Dr Yden Press; 1981.

  • Lau CM, Sholihin M. Financial and nonfinancial performance measures: How do they affect job satisfaction? The British Accounting Review. 2005; 37:389–413. Available from: http://dx.doi.org/10.1016/j.bar.2005.06.002

  • Chi CG, Gursoy D. Employee satisfaction, customer satisfaction and financial performance: An empirical examination. International Journal of Hospitality Management. 2009; 28:245–53. Available from: http://dx.doi.org/10.1016/j.ijhm.2008.08.003.

  • Kapur D, Vaishnav M. Being middle class in India. The Hindu; 2014 Jan 10th. Available from: http://www.thehindu.com/ opinion/op-ed/being-middle-class-in-india/article6673580.ece

  • Yoo K-B, Park E-C, Jang S-Y, Kwon JA, Kim SJ, Cho K-H, Choi J-W, Kim J-H, Park S. Association between employment status change and depression in Korean adults. BMJ. 2016; 6(3). Available from: http://bmjopen.bmj.com/content/6/3/ e008570


Abstract Views: 582

PDF Views: 380




  • An Empirical Study on Measuring the Association between Job Status of Individuals and their Current Financial Condition

Abstract Views: 582  |  PDF Views: 380

Authors

V. Santhi
Department of Humanities, PSG College of Technology, Coimbatore, Tamil Nadu, India
R. Sudha
Department of Commerce, PSG College of Arts and Science, Coimbatore, Tamil Nadu, India
Aishwariya Sankaranarayanan
Management Development Institute of Singapore, Singapore

Abstract


Job status of individuals is generally applied as a determinant in measuring their financial status. The job is linked with the salary earned by an individual, who is a part of any family household. This study aims to measure the association that prevails between job status of individuals and their current financial condition. The study confirms the fact that, influences of job on the employees' including private sector workers' life-style and socio-economic status are more related to emotional feel. The study suggests that wise investment pattern and strategic financial planning can support both self-employed persons and employees working in either public or private sectors in enhancing their current financial conditions.

Keywords


Financial Conditions, Financial Literacy Level, Financial Status, Job Status.

References





DOI: https://doi.org/10.15613/hijrh%2F2016%2Fv3i2%2F136491