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Work Engagement, Financial Wellness Support and COVID-19 Risk Perceptions in Egypt

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  • Michael R. Wagner

    (Lindner College of Business, University of Cincinnati, 2906 Woodside Drive, Cincinnati, OH 45221, USA)

  • Ghadeer Mohamed Badr Eldin Aboul-Ela

    (Faculty of Commerce and Business Administration, Future University in Egypt, End of 90th St., Fifth Settlement, New Cairo 11835, Egypt)

  • Marwa El Maghawry Ibrahim

    (Faculty of Commerce and Business Administration, Future University in Egypt, End of 90th St., Fifth Settlement, New Cairo 11835, Egypt)

Abstract

While the relationship between COVID-19 and employee attitudes has been studied in developed economies, little research has examined this relationship in emerging markets. This is relevant in the age of COVID-19, given the financial disruption it has caused. Also, little research has investigated how employee financial wellness programs are related to employee attitudes. This study examined how generalized perceptions of COVID-19 risk and perceptions of financial wellness support were related to work engagement. It also sought to understand whether financial wellness and COVID-19 risk interact in their relationship with work engagement. 106 employed persons in Egypt were surveyed. Results showed that, consistent with theory on perceived organizational support, perceptions of financial wellness support were positively related to work engagement. A significant interaction was also found, such that at high levels of financial wellness, COVID-19 risk perceptions were not related to engagement; however, at lower levels of financial wellness, COVID-19 risk was positively related to engagement. Practical and theoretical implications are discussed.

Suggested Citation

  • Michael R. Wagner & Ghadeer Mohamed Badr Eldin Aboul-Ela & Marwa El Maghawry Ibrahim, 2023. "Work Engagement, Financial Wellness Support and COVID-19 Risk Perceptions in Egypt," JRFM, MDPI, vol. 16(10), pages 1-14, October.
    • Handle: RePEc:gam:jjrfmx:v:16:y:2023:i:10:p:448-:d:1262241
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    References listed on IDEAS

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    1. Constantino Hevia & Andy Neumeyer, 2020. "A perfect storm: COVID-19 in emerging economies," Vox eBook Chapters, in: Simeon Djankov & Ugo Panizza (ed.), COVID-19 in Developing Economies, edition 1, volume 1, chapter 1, pages 25-37, Centre for Economic Policy Research.
    2. Kreps, David M, 1997. "Intrinsic Motivation and Extrinsic Incentives," American Economic Review, American Economic Association, vol. 87(2), pages 359-364, May.
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