The Mitigating Effects of Social and Financial Capital Resources on Hardships |
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Authors: | Rochelle Parks-Yancy Nancy DiTomaso Corinne Post |
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Institution: | (1) Jesse H. Jones School of Business, Texas Southern University, 4803 Lakefront Terrace Drive, Pearland, TX 77584, USA;(2) Rutgers University Business School-Newark and New Brunswick, 143 South Martine Avenue, Fanwood, NJ 07023-1621, USA;(3) Department of Management and Management Science, Lubin School of Business, Pace University, Pleasantville, NY 10570, USA |
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Abstract: | Social and financial capital resources contribute significantly to socioeconomic outcomes. However, insufficient attention
has been given to how these resources may mitigate potential socioeconomic setbacks and differ for gender and class groups.
In our study, most of the interviewees with hardships had access to social and financial capital resources. The few with insufficient
access were working class. Women accessed financial capital resources to overcome hardships more than men, whereas men were
more likely to use social capital resources. Access to the resources helped ensure that almost all of the individuals in this
study did not suffer the full consequences of their hardships. The hardship itself was of less importance than having access
to social and financial capital resources. |
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Keywords: | Class Hardships Social capital |
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