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Financial scarcity and cognitive performance

2024-03Artigo científico Acesso aberto
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dc.contributor.authorAlmeida, Filipa de
dc.contributor.authorScott, Ian J.
dc.contributor.authorSoro, Jerônimo
dc.contributor.authorFernandes, Daniel
dc.contributor.authorAmaral, André R.
dc.contributor.authorCatarino, Mafalda L.
dc.contributor.authorArêde, André
dc.contributor.authorBoto Ferreira, Mário
dc.contributor.institutionInformation Management Research Center (MagIC) - NOVA Information Management School
dc.contributor.institutionNOVA Information Management School (NOVA IMS)
dc.contributor.pblElsevier Science B.V., Amsterdam.
dc.date.accessioned2024-02-28T23:55:13Z
dc.date.available2024-02-28T23:55:13Z
dc.date.issued2024-03
dc.descriptionAlmeida, F. D., Scott, I. J., Soro, J., Fernandes, D., Amaral, A. R., Catarino, M. L., Arêde, A., & Boto Ferreira, M. (2024). Financial scarcity and cognitive performance: a meta-analysis. Journal Of Economic Psychology, 101, 1-19. Article 102702. https://doi.org/10.1016/j.joep.2024.102702 --- %ABS2%---We acknowledge the support from FCT – Portuguese Foundation of Science and Technology for the project “UID/GES/00407/2020” which supported Filipa de Almeida, grant “UIDB/04152/2020” Centro de Investigação em Gestão de Informação (MagIC)/NOVA IMS which supported Ian Scott, grant “UIDB/05380/2020” under HEI-Lab &D Unit which supported Jerónimo Sôro, and grant “PTDC/MHCPAP/1556/2014” awarded to Mário Ferreira
dc.description.abstractWhereas several studies find that financial scarcity has a detrimental impact on cognitive functioning, some studies find no relationship and others even report beneficial effects. To shed light on this issue we conducted a meta-analysis on the relationship between financial scarcity and cognitive functioning. We went beyond testing the direct relationship between these two concepts and looked at potential moderators, namely education, the moment of scarcity, the severity of scarcity, the type of tasks used to assess cognitive functioning, and the type of study. Our findings suggest that scarcity does have a detrimental effect on cognitive functioning. Across 256 effect sizes from 29 datasets involving 111,852 respondents, we found a detrimental total effect of scarcity on cognitive performance of Hedge’s g = -0.43. We then estimated a meta-regression model of the drivers of the effect of scarcity on cognition. Education strongly explained this relationship, reducing the effect size by 60% (partial effect of scarcity on cognitive performance is Hedge’s g = -0.15, when accounting for education), to a small effect size. The moment and the severity of scarcity also contribute to this relationship, by moderating the effect, such that lifetime and adulthood scarcity have a larger effect than childhood scarcity, and more extreme levels of scarcity lead to higher cognitive dysfunction. The type of task used to assess cognitive functioning did not moderate the effect. And when controlling for education, higher effect sizes were found for non-correlational designs. We discuss these findings and their implications in light of existing research and theories.en
dc.description.versionproof
dc.description.versionpublishersversion
dc.description.versionpublished
dc.format.extent19
dc.format.extent1027881
dc.format.extent1808560
dc.identifier.doi10.1016/j.joep.2024.102702
dc.identifier.issn0167-4870
dc.identifier.otherPURE: 83066014
dc.identifier.otherPURE UUID: e4fcc777-eec0-4290-b41e-032cf36a98f1
dc.identifier.otherScopus: 85184916191
dc.identifier.otherWOS: 001184549400001
dc.identifier.otherORCID: /0000-0001-9699-4473/work/154298542
dc.identifier.urihttp://hdl.handle.net/10362/164277
dc.identifier.urlhttps://www.scopus.com/pages/publications/85184916191
dc.identifier.urlhttps://www.webofscience.com/wos/woscc/full-record/WOS:001184549400001
dc.language.isoeng
dc.peerreviewedyes
dc.relationinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04152%2F2020/PT
dc.relationInformation Management Research Center
dc.relationDigital Human-Environment and Interactions Labs
dc.subjectfinancial scarcity
dc.subjectpoverty
dc.subjectcognitive functioning
dc.subjectprocedural processes
dc.subjectworking memory
dc.subjecteducation
dc.subjectSDG 1 - No Poverty
dc.subjectSDG 3 - Good Health and Well-being
dc.subjectSDG 4 - Quality Education
dc.subjectSDG 10 - Reduced Inequalities
dc.titleFinancial scarcity and cognitive performanceen
dc.title.subtitlea meta-analysisen
dc.typejournal article
degois.publication.firstPage1
degois.publication.lastPage19
degois.publication.titleJournal Of Economic Psychology
degois.publication.volume101
dspace.entity.typePublication
oaire.awardNumberUIDB/04152/2020
oaire.awardNumberUIDB/05380/2020
oaire.awardTitleInformation Management Research Center
oaire.awardTitleDigital Human-Environment and Interactions Labs
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04152%2F2020/PT
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F05380%2F2020/PT
oaire.fundingStream6817 - DCRRNI ID
oaire.fundingStream6817 - DCRRNI ID
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsopenAccess
relation.isProjectOfPublication3274bdb3-4dd3-4bbe-8f74-d34190081f87
relation.isProjectOfPublication4c4b8f1e-fc29-4934-8797-59ca1654fe02
relation.isProjectOfPublication.latestForDiscovery3274bdb3-4dd3-4bbe-8f74-d34190081f87

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NIMS: MagIC - Artigos em revista internacional com arbitragem científica (Peer-Review articles in international journals)