Financial scarcity and cognitive performance

Detalhes bibliográficos
Autor(a) principal: Almeida, Filipa de
Data de Publicação: 2024
Outros Autores: Scott, Ian J., Soro, Jerônimo, Fernandes, Daniel, Amaral, André R., Catarino, Mafalda L., Arêde, André, Boto Ferreira, Mário
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/163304
Resumo: Almeida, 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, 1-45. Advance online publication. https://doi.org/10.1016/j.joep.2024.102702 --- 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
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spelling Financial scarcity and cognitive performancea meta-analysisfinancial scarcitypovertycognitive functioningprocedural processesworking memoryeducationSDG 1 - No PovertySDG 3 - Good Health and Well-beingSDG 4 - Quality EducationSDG 10 - Reduced InequalitiesAlmeida, 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, 1-45. Advance online publication. https://doi.org/10.1016/j.joep.2024.102702 --- 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 FerreiraWhereas 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.Information Management Research Center (MagIC) - NOVA Information Management SchoolNOVA Information Management School (NOVA IMS)RUNAlmeida, Filipa deScott, Ian J.Soro, JerônimoFernandes, DanielAmaral, André R.Catarino, Mafalda L.Arêde, AndréBoto Ferreira, Mário2024-02-09T00:06:40Z2024-01-292024-01-29T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article46application/pdfhttp://hdl.handle.net/10362/163304eng0167-4870PURE: 83066014https://doi.org/10.1016/j.joep.2024.102702info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-02-12T01:36:36Zoai:run.unl.pt:10362/163304Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T02:37:55.048139Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Financial scarcity and cognitive performance
a meta-analysis
title Financial scarcity and cognitive performance
spellingShingle Financial scarcity and cognitive performance
Almeida, Filipa de
financial scarcity
poverty
cognitive functioning
procedural processes
working memory
education
SDG 1 - No Poverty
SDG 3 - Good Health and Well-being
SDG 4 - Quality Education
SDG 10 - Reduced Inequalities
title_short Financial scarcity and cognitive performance
title_full Financial scarcity and cognitive performance
title_fullStr Financial scarcity and cognitive performance
title_full_unstemmed Financial scarcity and cognitive performance
title_sort Financial scarcity and cognitive performance
author Almeida, Filipa de
author_facet Almeida, Filipa de
Scott, Ian J.
Soro, Jerônimo
Fernandes, Daniel
Amaral, André R.
Catarino, Mafalda L.
Arêde, André
Boto Ferreira, Mário
author_role author
author2 Scott, Ian J.
Soro, Jerônimo
Fernandes, Daniel
Amaral, André R.
Catarino, Mafalda L.
Arêde, André
Boto Ferreira, Mário
author2_role author
author
author
author
author
author
author
dc.contributor.none.fl_str_mv Information Management Research Center (MagIC) - NOVA Information Management School
NOVA Information Management School (NOVA IMS)
RUN
dc.contributor.author.fl_str_mv Almeida, Filipa de
Scott, Ian J.
Soro, Jerônimo
Fernandes, Daniel
Amaral, André R.
Catarino, Mafalda L.
Arêde, André
Boto Ferreira, Mário
dc.subject.por.fl_str_mv financial scarcity
poverty
cognitive functioning
procedural processes
working memory
education
SDG 1 - No Poverty
SDG 3 - Good Health and Well-being
SDG 4 - Quality Education
SDG 10 - Reduced Inequalities
topic financial scarcity
poverty
cognitive functioning
procedural processes
working memory
education
SDG 1 - No Poverty
SDG 3 - Good Health and Well-being
SDG 4 - Quality Education
SDG 10 - Reduced Inequalities
description Almeida, 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, 1-45. Advance online publication. https://doi.org/10.1016/j.joep.2024.102702 --- 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
publishDate 2024
dc.date.none.fl_str_mv 2024-02-09T00:06:40Z
2024-01-29
2024-01-29T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/163304
url http://hdl.handle.net/10362/163304
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 0167-4870
PURE: 83066014
https://doi.org/10.1016/j.joep.2024.102702
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
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dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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