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Financial Threat during the Economic Crisis: Connections with the Social Representation of the Economic Crisis and the Willingness to Act Cover

Financial Threat during the Economic Crisis: Connections with the Social Representation of the Economic Crisis and the Willingness to Act

Open Access
|Dec 2016

Figures & Tables

irsp-29-84-g1.png
Figure 1

Hypothetical model of full mediations of income, gravity of economic situations, past financial difficulties, and expected future financial situation change as predictors of the actions demonstration, consuming and savings, mediated by the level of perceived financial threat1.

Table 1

Structure of the Social Representation of the Economic Crisis.

(N = 278)Low (≤ 2.50)High (> 2.50)
FrequencyHigh (≥ 20%)Unemployment (41%; 2.24; –)Poverty (21%; 2.80; –)
Low (<20%)Money (15%; 2.14; =)
Purchasing power (15%; 2.41; –)
Recession (8%; 2.30; –)
Precariousness (6%; 2.47; –)
Debts (5%; 2.40; –)
Bank (12%; 3.12; –)
Finance (9%; 2.56; –)
Difficulties (8%; 3.09; –)
World (8%; 3.71; –)
Politics (8%; 3.70; –)
Injustice (6%; 3.05; –)
Capitalism (5%; 2.60; –)
Gloom (5%; 3.00; –)
Restrictions (5%; 2.80; –)
Misery (5%; 3.00; –)
Fear (5%; 3.07; –)

[i] Note. The first figure is the frequency provided in percentages; the second is the mean rank of appearance of the term, while the third sign stands for the valence. Frequency ≥ 20% & Rank ≤ 2.50: hypothesized central system; Frequency ≥ 20% & Rank > 2.50: first peripheral zone; 5% < Frequency < 20% & Rank ≤ 2.50: second peripheral zone; 5% < Frequency < 20% & Rank > 2.50: distant periphery. Emotional valence is indicated as follows: ‘+’ for positive feelings; ‘–’ for negative feelings; ‘=’ for neutral ones.

Table 2

Structure of the Social Representation of the Economic Crisis for Participants with a Low and High Financial Threat.

Low FTS (N = 144)High FTS (N = 134)
RankRank
Low (≤ 2.50)High (> 2.50)Low (≤ 2.50)High (> 2.50)
FrequencyHigh (≥ 20%)Unemployment (44%; 2.27; –)
Money (20%; 1.96; =)
Poverty (20%; 2.66; –)Unemployment (37%; 2.20; –)
Low(< 20%)Finance (10%; 2.47; =)
Recession (7%; 1.77; –)
Bank (11%; 2.75; –)
Purchasing power (9%; 2.77: –)
Debt (8%, 2.50; –)
Politics (7%; 3.90; =)
Injustice (8%, 3.18; –)
Money (10%; 2.43; =)Poverty (17%; 2.87; –)
Bank (11%; 3.73; –)
Difficulties (11%; 2.87; –)
Recession (9%; 2.77; –)
Finance (8%; 2.64; –)
Gloom (7%; 3.00; –)
Fear (7%; 3.10; –)
Politics (7%; 3.50; –)

[i] Note. The first figure is the frequency provided in percentages; the second is the mean rank of appearance of the term while the third sign stands for the valence. Frequency ≥ 20% & Rank ≤ 2.50: hypothesized central system; Frequency ≥ 20% & Rank > 2.50: first peripheral zone; 5% < Frequency < 20% & Rank ≤ 2.50: second peripheral zone; 5% < Frequency < 20% & Rank > 2.50: distant periphery. Emotional valence is indicated as follows: ‘+’ for positive feelings; ‘–’ for negative feelings; ‘=’ for neutral ones.

Table 3

Model coefficient for the effect of gravity, past financial difficulties, future financial situation change and financial threat on demonstration.

Consequence
Financial threat (M)Demonstration (Y)
AntecedentbEpbEp
Gravity (X)0.211, 95% CI [0.100, 0.316]0.039< .0010.102, 95% CI [–0.048, 0.269]0.0820.209
Past Financial difficulties (X)0.171, 95% CI [0.056, 0.278]0.047< .0010.147, 95% CI [–0.174, 0.254]0.0990.139
Future Financial situation change (X)0.481, 95% CI [0.377, 0.571]0.048< .0010.049, 95% CI [–0.054, 0.337]0.110.658
Financial threat (M)0.247, 95% CI [0.110, 0.360]0.108< .001
irsp-29-84-g2.png
Figure 2

The mediation model of gravity of economic situations, past financial difficulties and future financial situation change as predictors of the action demonstration, fully mediated by the level of perceived financial threat.

DOI: https://doi.org/10.5334/irsp.84 | Journal eISSN: 2397-8570
Language: English
Published on: Dec 5, 2016
Published by: Ubiquity Press
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year

© 2016 Jérémy Lemoine, Elisa Darriet, Ruxanda Kmiec, Christine Roland-Lévy, published by Ubiquity Press
This work is licensed under the Creative Commons Attribution 4.0 License.