PSYCHOLOGICAL IMPACT OF GIG ECONOMY ON WORKERS

The gig economy has emerged as a significant labor market phenomenon, offering flexible work arrangements across various sectors. This research paper explores the mental health implications of gig work in comparison to unemployment. Some studies suggest that gig workers may experience better mental health than those who are unemployed, potentially due to the income and activity provided by gig work. A study on the mental health and life satisfaction of gig workers found that financial precarity and loneliness play a significant role in the mental health of gig workers. Another study on the psychological contract fulfillment of gig workers explored the relationship between psychological contract fulfillment and task performance, finding that both transactional and relational contract fulfillment can directly and indirectly affect gig workers' task performance. A systematic review on psychosocial risk factors in the gig economy identified several psychosocial risk factors, including work transience, algorithmic management, and digital surveillance, that can negatively impact gig workers' well-being.