Impact of Psychological Self-Sufficiency on Economic Well-Being in Older Job Seekers
Author Information
Author(s): Lee Mina, Yeo Hyesu, Hong Philip
Primary Institution: Binghamton University
Hypothesis
The age-specific impact of Psychological Self-Sufficiency (PSS) measures on economic well-being among older worker job seekers is significant.
Conclusion
Enhancing psychological self-sufficiency can improve the economic well-being of older workers during employment transitions.
Supporting Evidence
- The study validated Psychological Self-Sufficiency measures among older job seekers.
- Significant relationships were found between Psychological Self-Sufficiency and Economic Self-Sufficiency.
Takeaway
This study shows that helping older job seekers feel more confident and capable can make them better at finding jobs and being financially stable.
Methodology
Data were collected from participants aged 50+ using Exploratory Factor Analysis (EFA), Confirmatory Factor Analysis (CFA), and Structural Equation Modeling (SEM).
Participant Demographics
Participants were aged 50 and older and engaged with community-based agencies for employment training.
Digital Object Identifier (DOI)
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