Does Financial Assistance Really Assist? The Impact of Debt on Wellbeing, Health Behavior and Self-Concept in Taiwan

详细信息    查看全文

• 作者：Ming-Chang Tsai ; Rachel E. Dwyer ; Ruey-Ming Tsay
• 关键词：Social support ; Quality of life ; Bank loan ; Financial hardship ; Taiwan
• 刊名：Social Indicators Research
• 出版年：2016
• 出版时间：January 2016
• 年：2016
• 卷：125
• 期：1
• 页码：127-147
• 全文大小：445 KB
• 参考文献：Baron, R. M., & Kenny, D. A. (1986). The moderator–mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations. Journal of Personality and Social Psychology, 51(6), 1173–1182.CrossRef
  Bell, D. A. (2003). Confucian constraints on property rights. In D. A. Bell & H. Chaibong (Eds.), Confucianism for the modern world (pp. 218–235). Cambridge: Cambridge University Press.CrossRef
  Bertola, G., Disney, R., & Grant, C. (2006). The economics of consumer credit demand and supply. In G. Bertola, R. Disney, & C. Grant (Eds.), The economics of consumer credit (pp. 1–26). Cambridge, MA: MIT Press.
  Caplan, L., & Schooler, C. (2007). Socioeconomic status and financial coping strategies: The mediating role of perceived control. Social Psychology Quarterly, 70(1), 43–58.CrossRef
  Chen, W.-C. (2012). How education enhances happiness: Comparison of mediating factors in four east Asian countries. Social Indicators Research, 106(1), 117–131.CrossRef
  Chen, C.-Y., Chen, W.-C., Lew-Ting, C.-Y., Lee, C.-M., Yen, C.-F., Chen, D.-R., et al. (2006). Employment experience in relation to alcohol, tobacco, and betel nut use among youth in Taiwan. Drug and Alcohol Dependence, 84(3), 273–280.CrossRef
  Cheng, T.-M. (2003). Taiwan’s new national health insurance program: Genesis and experience so far. Health Affairs, 22(3), 61–76.CrossRef
  Christie, H., & Munro, M. (2003). The logic of loans: Students’ perceptions of the costs and benefits of the student loan. British Journal of Sociology of Education, 24(5), 621–636.CrossRef
  Chu, C. Y. C., & Yu, R.-R. (2010). Understanding Chinese families: A comparative study of Taiwan and Southeast China. Oxford: Oxford University Press.
  Clogg, C. C., Petkova, E., & Haritou, A. (1995). Statistical methods for comparing regression coefficients between models. American Journal of Sociology, 100(5), 1261–1293.CrossRef
  Cohen, S., Gottlieb, B. H., & Underwood, L. G. (2000). Social relationships and health. In S. Cohen, L. G. Underwood, & B. H. Gottlieb (Eds.), Social support measurement and intervention (pp. 3–25). New York: Oxford University Press.CrossRef
  Cohen, S. E., & Wills, T. A. (1985). Stress, social support, and the buffering hypothesis. Psychological Bulletin, 98(2), 310–357.CrossRef
  Cortina, J. M. (1993). What is coefficient alpha? An examination of theory and applications. Journal of Applied Psychology, 78(1), 98–104.CrossRef
  Demo, D. H. (1992). The self-concept over time: Research issues and directions. Annual Review of Sociology, 18, 303–326.CrossRef
  Dew, J. (2008). Debt change and marital satisfaction change in recently married couple. Family Relations, 57(1), 60–71.CrossRef
  Drentea, P. (2000). Age, debt and anxiety. Journal of Health and Social Behavior, 41(4), 437–450.CrossRef
  Drentea, P., & Lavrakas, P. J. (2000). Over the limit: The association among health, race and debt. Social Science and Medicine, 50(4), 517–529.CrossRef
  Dwyer, R. E., McCloud, L., & Hodson, R. (2011). Youth debt, mastery, and self-esteem: Class-stratified effects of indebtedness on self-concept. Social Science Research, 40(3), 727–741.CrossRef
  Dwyer, R. E., McCloud, L., & Hodson, R. (2012). Debt and graduation from American universities. Social Forces, 90(4), 1133–1155.CrossRef
  Feiring, C., & Taska, L. (1996). Family self-concept: Ideas on its meaning. In B. A. Bracken (Ed.), Handbook of self-concept: Developmental, social, and clinical considerations (pp. 317–373). Oxford: Wiley.
  Ferrer-i-Carbonell, A., & Gërxhani, K. (2011). Financial satisfaction and (in)formal sector in a transition country. Social Indicators Research, 102(2), 315–331.CrossRef
  Furstenberg, F. F. (2005). Banking on families: How families generate and distribute social capital? Journal of Marriage and Family, 67(4), 809–821.CrossRef
  Gauthier, A. H., & Furstenberg, F. F. (2010). The experience of financial strain among families with children in the United States. Bowling Green State University: National Center for Family and Marriage Research working paper series WP-10-17.
  Grafova, I. B. (2007). Your money or your life: Managing health, managing money. Journal of Family and Economic Issues, 28(2), 285–303.CrossRef
  Graham, C. (2011). Does more money make you happier? Why so much debate? Applied Research in Quality of Life, 6(3), 219–239.CrossRef
  Granovetter, M. (1995). Getting a job: A study of contacts and careers (2nd ed.). Chicago: University of Chicago Press.
  Gray, B. A., & Keith, V. M. (2003). The benefits and costs of social support for African American Women. In D. R. Brown & V. M. Keith (Eds.), In and out of our right mind: The Mental Health of African American Women (pp. 242–257). New York: Columbia University Press.
  Homans, G. C. (1974). Social behavior: Its elementary forms. New York: Harcourt Brace and Jovanovich.
  House, J. S., Umberson, D., & Landis, K. R. (1988). Structures and processes of social support. Annual Review of Sociology, 14(1), 293–318.CrossRef
  Iversen, R., Napolitano, L., & Furstenberg, F. F. (2011). Middle-income families in the economic downturn: Challenges and management strategies over time. Longitudinal and Life Course Studies, 2(3), 286–300.
  Jackson, P. B. (2003). Sho’ me the money: The relationship between social class and mental health among married Black Women. In D. R. Brown & V. M. Keith (Eds.), In and out of our right mind: The mental health of African American Women (pp. 173–190). New York: Columbia University Press.
  Jamieson, L. (1998). Intimacy: Personal relationships in modern societies. Cambridge: Polity.
  Jenkins, R., et al. (2008). Debt, income and mental disorder in the general population. Psychological Medicine, 38(10), 1485–1493.CrossRef
  Kenny, D. A. (1979). Correlation and causality. New York: Wiley.
  La Ferrara, E. (2003). Kin groups and reciprocity: A model of credit transactions in Ghana. American Economic Review, 93(5), 1730–1751.CrossRef
  Lai, F.-C., Sun, C.-H., & Wang, A.-M. (2014). Housing appreciation (depreciation) and owners’ welfare: An alternative view. Urban Studies, 51(1), 63–74.CrossRef
  Lee, Y.-J., Parish, W. L., & Willis, R. J. (1994). Sons, daughters, and intergenerational support in Taiwan. American Journal of Sociology, 99(4), 1010–1041.CrossRef
  Liao, P.-S., Fu, Y.-C., & Yi, C.-C. (2005). Perceived quality of life in Taiwan and Hong Kong: An intra-culture comparison. Journal of Happiness Studies, 6(1), 43–67.CrossRef
  Logan, J. R., & Spitze, G. D. (1994). Family neighbors. American Journal of Sociology, 100(2), 453–476.CrossRef
  Luo, J.-D. (2001). Interpersonal ties, trust and relational finance: Borrowing and lending in Taiwan from an embeddedness perspective. In W.-A. Chang (Ed.), Organizational structure and competiveness of Taiwan enterprises (pp. 223–261). Taipei: Linkin Books. (in Chinese).
  Manning, R. D. (2000). Credit card nation: the Consequences of America’s addition to credit. New York: Basic Books.
  Michalos, A. C., Zumbo, B. D., & Hubley, A. M. (2000). Health and quality of life. Social Indicators Research, 51(3), 245–286.CrossRef
  Mistry, R. S., Benner, A. D., Tan, C. S., & Kim, S. Y. (2009). Family economic stress and academic well-being among Chinese-American youth: The influence of adolescents’ perception of economic strain. Journal of Family Psychology, 23(3), 279–290.CrossRef
  Möllering, G. (2001). The nature of trust: From Georg Simmel to a theory of expectation, interpretation and suspension. Sociology, 35(2), 403–420.CrossRef
  Molm, L. D., Schaefer, D. R., & Collett, J. L. (2007). The value of reciprocity. Social Psychology Quarterly, 70(2), 199–217.CrossRef
  Moremen, R. D. (2008). Best friends: The role of confidantes in older women’s health. Journal of Women & Aging, 20(1–2), 149–167.CrossRef
  O’Neill, B., Prawitz, A. D., Sorhaindo, B., Kim, J., & Garman, E. T. (2007). Changes in health, negative financial events, and financial distress/financial well-being for debt management program clients. Financial Counseling and Planning, 17(2), 46–63.
  Putnam, R. D. (1995). Bowling alone: America’s declining social capital. Journal of Democracy, 6(1), 65–78.CrossRef
  Ritzer, G. (1995). Expressing America: A critique of the global credit card society. Thousand Oak, CA: Pine Forge.
  Schwarz, B., Albert, I., Trommsdorff, G., Zheng, G., Shi, S., & Nelwan, P. R. (2010). Intergenerational support and life satisfaction: A comparison of Chinese, Indonesian, and German elderly mothers. Journal of Cross-Cultural Psychology, 41(5–6), 706–722.CrossRef
  Smith, T. W., Kim, J., Koch, A., & Park, A. (2006). Social-science research and the general social surveys. Comparative Sociology, 5(1), 33–43.CrossRef
  Sullivan, J. X. (2008). Borrowing during unemployment: Unsecured debt as a safety net. Journal of Human Resources, 43(2), 383–412.CrossRef
  Sullivan, T. A., Warren, E., & Westbrook, J. L. (2000). The fragile middle class: Americans in debt. New Haven: Yale University Press.
  Sun, T.-H., & Liu, Y. H. (1994). Changes in intergenerational relations in the Chinese family: Taiwan’s experience. In L.-J. Cho & M. Yada (Eds.), Tradition and change in the Asian family (pp. 319–361). Honolulu: East-West Center.
  Taylor, M. (2011). Measuring financial capability and its determinants using survey data. Social Indicators Research, 102(2), 297–314.CrossRef
  Tokuda, Y., & Inoguchi, T. (2008). Interpersonal mistrust and unhappiness among Japanese people. Social Indicators Research, 89(2), 349–360.CrossRef
  Tsai, M.-C. (2006). Sociable resources and close relationships: Intimate relatives and friends in Taiwan. Journal of Social and Personal Relationships, 23(1), 151–169.CrossRef
  Tsai, M.-C., & Dzorgbo, D.-B. S. (2012). Familial reciprocity and subjective well-being in Ghana. Journal of Marriage and Family, 74(1), 215–228.CrossRef
  Tseng, Y.-F. (2000). Immigrant firms and transnational embeddedness: Chinese entrepreneurs in Los Angeles. In R. Tzeng & B. Uzzi (Eds.), Embeddedness and corporate change in a global economy (pp. 263–282). New York: Peter Lang.
  Uehara, E. S. (1995). Reciprocity reconsidered: Gouldner’s ‘‘moral norm of reciprocity’’ and social support. Journal of Social and Personal Relationships, 12(4), 483–502.CrossRef
  Veenhoven, R. (2007). Subjective measures of well-being. In M. McGillivray (Ed.), Human well-being: Concept and measurement (pp. 214–239). Houndsmill: Palgrave McMillan.
  Voorpostel, M., & van der Lippe, T. (2007). Support between siblings and between friends: Two worlds apart? Journal of Marriage and Family, 69(5), 1271–1282.CrossRef
  West, S. G., Taylor, A. B., & Wu, W. (2012). Model fit and model selection in structural equation modeling. In R. H. Hoyle (Ed.), Handbook of structural equation modeling (pp. 209–231). New York: Guilford.
  Wong, D. B. (2004). Rights and community in Confucianism. In K.-L. Shun & D. B. Wong (Eds.), Confucian ethics (pp. 31–48). Cambridge: Cambridge University Press.CrossRef
  Wu, A. D., & Zumbo, B. D. (2008). Understanding and using mediators and moderators. Social Indicators Research, 87(3), 367–392.CrossRef
  Yu, F.-L. T. (2012). Entrepreneurship and Taiwan’s economic dynamics. Heidelberg: Springer.CrossRef
  
• 作者单位：Ming-Chang Tsai (1)
  Rachel E. Dwyer (2)
  Ruey-Ming Tsay (3)
  
  1. Research Center for Humanities and Social Sciences, Academia Sinica, Taipei, Taiwan
  2. Department of Sociology, Ohio State University, Columbus, OH, USA
  3. Department of Sociology, Tunghai University, Taichung, Taiwan
  
• 刊物类别：Humanities, Social Sciences and Law
• 刊物主题：Social Sciences
  Sociology
  Quality of Life Research
  Microeconomics
  Public Health
  Human Geography
  
• 出版者：Springer Netherlands
• ISSN：1573-0921

文摘

In the current global environment of unpredictable economic adversity, financial help appears to be all the more important in order for people to make it through hard times. Social support theory expects that debt’s adverse impact on subjective well-being can be moderated by access to financial help within one’s social network. This study tests this hypothesis by extending research attention into social contacts and self-concept as well. Using a national probability sample of Taiwan, we conduct regression-estimation-with-measurement modeling to assess the impact of debt and unrealized loss (UL) in housing price on life situation. Our finding shows that both debt and UL produce direct negative impact on happiness and health behaviors, while they has scant influence on social contacts and self-esteem. Financial assistance from kin somewhat moderates the adverse influences of indebtedness, while financial assistance from friends and banks mostly represents a debt trap that leads to lower levels of life satisfaction and self-concept. We conclude that seeking financial help, in general, is a response to rather than a solution for indebtedness. Keywords Social support Quality of life Bank loan Financial hardship Taiwan