2.

5 The financial impact of unemployment

MAIN Model 1: financial

Critic to model 1

Al-Marzooq (2013) explained in his research entitled “The Adaptation Concept, The Latent
Depravation and Agency Rescriction in the Employment Context” that well being can be
deprived of benefits if the individual once become unemployed. He used 3 important models of
unemployment in his studies to make a propostions. Under one of his propostion he stated their
the important of benefits to a persons wellbeing. There are two of sets of functions of benefits
that a person needs; first is the manifest benefits. Though employment one can accesss various
need like food, housing, medical care, clothing etc. the other benefits is the latent which
psychological need plays along, being employed give you time structure, social contact, common
goals with the crowd, social status and doing activities.

He also acknowleged the importantance of latent needs which he highlighted the termed coercive
poverty. He stated that Financial hardship enforces on unemployed individual has greater impact
on psychological wel being. The reason for this sis that pverty takes away the person’s access to
basic needs pr the possibility of attaining it.

In developing and maintaining self worth and identity, Al-Marzoqi (2013) say income or
financial resources give the individual a sense of control of their lives. It could proide them sense
of experiences, socializing etch which are essential of if.

Effects
One of the development of self worth and well being of an individual is knowing that a person
has autonomity of all possibilities to set goals or attain a good lifestyle in which unemployment
delimits that.

MAIN Critic of past researches

In local settings, it is widely neglected the study of the financial impact of unemployment. It was
not focus solely in financial stress to the individual.

Effects

Al- Marzoqi (2013) believes that financial strain of unemployment deduce their autonomy to
their life choices, which results not to attain their desired living standards.

explanation

Long term goals and planning becomes impossible due to financial constrain in individual’s life.

Support

Happiness and satisfaction in self and life are greatly affected if your income is low, James
Lewis (2014)

explanation

Receing salary or income fruited from your labor is a main factor to well being.

Support
Finacial gain is not the only reason why individuals go to work. Social interaction and time
structure are also evident to individual needs.

Support

Income or financial gain did not only provide basic needs but also a sense of moral aspect in
societal roles. Morin (2015) stated in her study what your financial health project your mental
health and how you act in the society.

https://www.psychologytoday.com/blog/what-mentally-strong-people-dont-do/201507/what-
your-financial-health-says-about-your-mental

MAIN: EFFECTS OF FINANCIAL

Intro

Individual with familes has higher impact that to single indiviuals in terms of financial stress of
uneployments

Family

Support

Providers such as parents or guardian faces anxiety and doubts about their self worth is they can
provide for the basic means of the family. (Wiemers,2015)

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4325982/

Expanation

Families of unemployed individual, due to financial constraint faces struggle.

Individuals

Major source of mental distress is the uncertainty of income result of unemployment because it
lead to lower the living standards. (Simpsons, 2017)
https://www.investopedia.com/financial-edge/0811/the-cost-of-unemployment-to-the-
economy.aspx

George bangham (2017) acknowledges that Paid work or income becomes viewed more
important once the the struggles and pressure is felt due to unemployment by the individual. It
bcome to their senses that it’s the only lifestyle that is socially accepted.

http://blogs.lse.ac.uk/politicsandpolicy/is-the-national-living-wage-improving-living-standards/

2.6 Transition to unemployment

MAIN: INTRO

Employment to unemployment transition is one event that is life changing.

Definition with ref

The definition of transition from employment to unemployment is an event that can be positive
or negative or both to individual, VON,HILLMANN ,DRESDEN 2016

http://ediss.sub.uni-hamburg.de/volltexte/2016/7918/pdf/Dissertation.pdf

Support

A major life events are seen in transitipn in relationship, schedules, plans, routines and roles
resulted from unemployment.

https://books.google.com.ph/books?id=AI0J6Lx03F4C&pg=PA124&lpg=PA124&dq=the+transi
tion+from+employment+to+unemployment+mental+health+phases&source=bl&ots=1eLTKuW
noM&sig=pfBh3sAnHvyVSPO2qm0Ne13Tg68&hl=en&sa=X&ved=0ahUKEwjqsZvqjcvYAhX
HiLwKHfEQA9IQ6AEIVTAH#v=onepage&q=the%20transition%20from%20employment%20t
o%20unemployment%20mental%20health%20phases&f=false
2.7 Coping resources of individuals

MAIN: Definition

Al- Marzooqi 2013 that coping resource of individual lessen the consequences ofunemlyment of
individual

These coping resources consist of individual characteristics (internal) and environmental

conditions (external) that a person can utilise to cope with involuntary job loss.

2.8 Conclusion

The aim of this chapter is to discussed and review the literature of unemployment relations to
mental health and self worth in which it is widely dissected and discussed, the contribution of
work as a important role to the individual. It also review the financial impact of unemployment
and so does the ways and utilities used by the individual to cope with job loss.