The Role of Psychological Capital (PsyCap) in Psychological Well Being of Unemployed Indian Youth

By : Kalpana Rani E

Page No: 149-157

Abstract
This study explored the relationship between the psychological capital and psychological wellbeing on a sample of Indian unemployed youth. Data was collected from 375 male candidates whose age ranged from 19.10 to 27.80 years with a mean of 22.89 and SD 1.26. The results indicated that psycap and its components have individually shown significant positive correlations with psychological wellbeing. Regression analysis results revealed that psycap accounted for 40% of the variance in psychological well being. It was further seen that the core construct psycap had a stronger relationship with psychological wellbeing than each of the components by itself. Empirical findings show that people higher in psycap show higher well being. Evidence from the present research highlights the importance of implementing govt policies aimed at improving these psychological capacities so that the negative consequences of youth unemployment are reduced, which is better for the individuals affected and society as a whole.