Relative Financial Deprivation and Financial Satisfaction among Minimum Wage Earners in Türkiye: A Serial Mediation Analysis
The research is a behavioral finance-based study that examines the financial difficulties experienced by minimum wage earners in Turkey from a psychological perspective. In this context, the study explains the financial difficulties experienced by minimum wage earners based on the theory of relative...
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| Format: | Article |
| Language: | English |
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Ekonomi ve Finansal Araştırmalar Derneği
2024-12-01
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| Series: | Ekonomi, Politika & Finans Araştırmaları Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/4332512 |
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| _version_ | 1841560606203707392 |
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| author | Korhan Karacaoğlu Göknur Ersarı Taşkesen |
| author_facet | Korhan Karacaoğlu Göknur Ersarı Taşkesen |
| author_sort | Korhan Karacaoğlu |
| collection | DOAJ |
| description | The research is a behavioral finance-based study that examines the financial difficulties experienced by minimum wage earners in Turkey from a psychological perspective. In this context, the study explains the financial difficulties experienced by minimum wage earners based on the theory of relative deprivation. The aim of the study is to determine the financial difficulties experienced by minimum wage earners and the psychological effects of this situation. To achieve this goal, the study examines the serial mediator role of financial self-efficacy and financial anxiety in the relationship between relative financial deprivation and financial satisfaction. In this context, a survey was conducted among 633 minimum wage earners in Turkey. The findings of the study indicate that minimum wage earners in Turkey experience relative financial deprivation, which in turn reduces their financial satisfaction. Furthermore, the study revealed that financial self-efficacy and financial anxiety act as mediators in the relationship between relative financial deprivation and financial satisfaction, with each acting independently. However, the study also demonstrated that financial self-efficacy and financial anxiety do not act in a serial mediation role in the relationship between financial deprivation and financial satisfaction. |
| format | Article |
| id | doaj-art-0db6794960d34b879e7c2b1434dd1119 |
| institution | Kabale University |
| issn | 2587-151X |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Ekonomi ve Finansal Araştırmalar Derneği |
| record_format | Article |
| series | Ekonomi, Politika & Finans Araştırmaları Dergisi |
| spelling | doaj-art-0db6794960d34b879e7c2b1434dd11192025-01-03T21:47:24ZengEkonomi ve Finansal Araştırmalar DerneğiEkonomi, Politika & Finans Araştırmaları Dergisi2587-151X2024-12-019476377810.30784/epfad.1577627957Relative Financial Deprivation and Financial Satisfaction among Minimum Wage Earners in Türkiye: A Serial Mediation AnalysisKorhan Karacaoğlu0https://orcid.org/0000-0003-0577-231XGöknur Ersarı Taşkesen1https://orcid.org/0000-0001-8380-6832NEVŞEHİR HACI BEKTAŞ VELİ ÜNİVERSİTESİNEVSEHIR HACI BEKTAS VELI UNIVERSITYThe research is a behavioral finance-based study that examines the financial difficulties experienced by minimum wage earners in Turkey from a psychological perspective. In this context, the study explains the financial difficulties experienced by minimum wage earners based on the theory of relative deprivation. The aim of the study is to determine the financial difficulties experienced by minimum wage earners and the psychological effects of this situation. To achieve this goal, the study examines the serial mediator role of financial self-efficacy and financial anxiety in the relationship between relative financial deprivation and financial satisfaction. In this context, a survey was conducted among 633 minimum wage earners in Turkey. The findings of the study indicate that minimum wage earners in Turkey experience relative financial deprivation, which in turn reduces their financial satisfaction. Furthermore, the study revealed that financial self-efficacy and financial anxiety act as mediators in the relationship between relative financial deprivation and financial satisfaction, with each acting independently. However, the study also demonstrated that financial self-efficacy and financial anxiety do not act in a serial mediation role in the relationship between financial deprivation and financial satisfaction.https://dergipark.org.tr/tr/download/article-file/4332512göreli finansal yoksunlukfinansal öz yeterlilikfinansal kaygıfinansal memnuniyetasgari ücretlilerrelative financial deprivationfinancial self-efficacyfinancial anxietyfinancial satisfactionminimum wage workers |
| spellingShingle | Korhan Karacaoğlu Göknur Ersarı Taşkesen Relative Financial Deprivation and Financial Satisfaction among Minimum Wage Earners in Türkiye: A Serial Mediation Analysis Ekonomi, Politika & Finans Araştırmaları Dergisi göreli finansal yoksunluk finansal öz yeterlilik finansal kaygı finansal memnuniyet asgari ücretliler relative financial deprivation financial self-efficacy financial anxiety financial satisfaction minimum wage workers |
| title | Relative Financial Deprivation and Financial Satisfaction among Minimum Wage Earners in Türkiye: A Serial Mediation Analysis |
| title_full | Relative Financial Deprivation and Financial Satisfaction among Minimum Wage Earners in Türkiye: A Serial Mediation Analysis |
| title_fullStr | Relative Financial Deprivation and Financial Satisfaction among Minimum Wage Earners in Türkiye: A Serial Mediation Analysis |
| title_full_unstemmed | Relative Financial Deprivation and Financial Satisfaction among Minimum Wage Earners in Türkiye: A Serial Mediation Analysis |
| title_short | Relative Financial Deprivation and Financial Satisfaction among Minimum Wage Earners in Türkiye: A Serial Mediation Analysis |
| title_sort | relative financial deprivation and financial satisfaction among minimum wage earners in turkiye a serial mediation analysis |
| topic | göreli finansal yoksunluk finansal öz yeterlilik finansal kaygı finansal memnuniyet asgari ücretliler relative financial deprivation financial self-efficacy financial anxiety financial satisfaction minimum wage workers |
| url | https://dergipark.org.tr/tr/download/article-file/4332512 |
| work_keys_str_mv | AT korhankaracaoglu relativefinancialdeprivationandfinancialsatisfactionamongminimumwageearnersinturkiyeaserialmediationanalysis AT goknurersarıtaskesen relativefinancialdeprivationandfinancialsatisfactionamongminimumwageearnersinturkiyeaserialmediationanalysis |