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Author: Jirs Meuris Publisher: ISBN: Category : Languages : en Pages : 54
Book Description
Recent studies indicate that financial markets have taken on a more prominent role in the economic activities of U.S. organizations outside of the finance industry. While prior research has documented some of the associated macro-level implications, little work to date has directly examined what financialization has meant for individual workers. This paper proposes that one important yet understudied consequence of financialization is that it facilitates a shift of responsibility for personal welfare in society onto individuals' shoulders by creating a power imbalance in the employment relationship. Random-effects models using individual-level data from the NLSY matched with industry data consistently reveal that people working in more financialized industries are more likely to have responsibility for their personal welfare shifted onto their shoulders, as indicated by a lower probability of receiving medical coverage, retirement savings, and paid sick leave. Financialization is more likely to individualize personal welfare among individuals who lack power to protect their share of organizational resources - the working poor, newcomers, and non-union members - and under a limited industry union presence and negative returns on stock holdings. In sum, the findings show that financialization is a driving force behind altering whom is tasked with promoting personal welfare in U.S. society.
Author: Jirs Meuris Publisher: ISBN: Category : Languages : en Pages : 54
Book Description
Recent studies indicate that financial markets have taken on a more prominent role in the economic activities of U.S. organizations outside of the finance industry. While prior research has documented some of the associated macro-level implications, little work to date has directly examined what financialization has meant for individual workers. This paper proposes that one important yet understudied consequence of financialization is that it facilitates a shift of responsibility for personal welfare in society onto individuals' shoulders by creating a power imbalance in the employment relationship. Random-effects models using individual-level data from the NLSY matched with industry data consistently reveal that people working in more financialized industries are more likely to have responsibility for their personal welfare shifted onto their shoulders, as indicated by a lower probability of receiving medical coverage, retirement savings, and paid sick leave. Financialization is more likely to individualize personal welfare among individuals who lack power to protect their share of organizational resources - the working poor, newcomers, and non-union members - and under a limited industry union presence and negative returns on stock holdings. In sum, the findings show that financialization is a driving force behind altering whom is tasked with promoting personal welfare in U.S. society.
Author: Thomas A. Lucey Publisher: Routledge ISBN: 1000455890 Category : Business & Economics Languages : en Pages : 256
Book Description
The objective of this book is to prompt a re-examination of financial literacy, its social foundations, and its relationship to citizenship education. The collection includes topics that concern indigenous people’s perspectives, critical race theory, and transdisciplinary perspectives, which invite a dialogue about the ideologies that drive traditional and critical perspectives. This volume offers readers opportunities to learn about different views of financial literacy from a variety of sociological, historical and cultural perspectives. The reader may perceive financial literacy as representing a multifaceted concept best interpreted through a non-segregated lens. The volume includes chapters that describe groundings for revising standards, provide innovative teaching concepts, and offer unique sociological and historical perspectives. This book contains 13 chapters, with each one speaking to a distinctive topic that, taken as a whole, offers a well-rounded vision of financial literacy to benefit social education, its research, and teaching. Each chapter provides a response from an alternative view, and the reader can also access an eResource featuring the authors’ rejoinders. It therefore offers contrasting visions about the nature and purpose of financial education. These dissimilar perspectives offer an opportunity for examining different social ideologies that may guide approaches to financial literacy and citizenship, along with the philosophies and principles that shape them. The principles that teach and inform about financial literacy defines the premises for base personal and community responsibility. The work invites researchers and practitioners to reconsider financial literacy/financial education and its social foundations. The book will appeal to a range of students, academics and researchers across a number of disciplines, including economics, personal finance/personal economics, business ethics, citizenship, moral education, consumer education, and spiritual education.
Author: M. Haiven Publisher: Springer ISBN: 1137355972 Category : Social Science Languages : en Pages : 234
Book Description
Drawing on a wide range of case studies, Cultures of Financialization argues that, in our age of crisis, the global economy is more invested than ever in culture and the imagination. We must take the idea of 'fictitious capital' seriously as a way to understand the power of finance, and what might be done to stop it.
Author: Ulrich Beck Publisher: SAGE ISBN: 1446223418 Category : Social Science Languages : en Pages : 249
Book Description
Individualization argues that we are in the midst of a fundamental change in the nature of society and politics. This change hinges around two processes: globalization and individualization. The book demonstrates that individualization is a structural characteristic of highly differentiated societies, and does not imperil social cohesion, but actually makes it possible. Ulrich Beck and Elisabeth Beck-Gernsheim argue that it is vital to distinguish between the neo-liberal idea of the free-market individual and the concept of individualization. The result is the most complete discussion of individualization currently available, showing how individualization relates to basic social rights and also paid employment; and concluding that in as much as basic rights are internalized and everyone wants to or must be economically active, the spiral of individualization destroys the given foundations of social co-existence.
Author: Richard W. Tresch Publisher: Elsevier ISBN: 008051541X Category : Business & Economics Languages : en Pages : 975
Book Description
Featuring a general equilibrium framework that is both cohesive and versatile, the Second Edition of Public Finance: A Normative Theory brings new and updated information to this classic text. Through its concentration on the microeconomic theory of the public sector in the context of capitalist market economics it addresses the subjects traditionally at the heart of public sector economics, including public good theory, theory of taxation, welfare analysis, externalities, tax incidence, cost benefit analysis, and fiscal federalism. Its goal of providing a foundation, rather than attempting to present the most recent scholarship in detail, makes this Second Edition both a valuable text and a resource for professionals. * Second edition provides new and updated information* Focuses on the heart of public sector economics, including public expenditure theory and policy, tax theory and policy, cost benefit-analysis, and fiscal federalism* Features a cohesive and versatile general equilibrium framework
Author: Richard Ronald Publisher: Taylor & Francis ISBN: 1000784738 Category : Architecture Languages : en Pages : 190
Book Description
The twenty-first century has so far been characterized by ongoing realignments in the organization of the economy around housing and real estate. Markets have boomed and bust and boomed again with residential property increasingly a focus of wealth accumulation practices. While analyses have largely focussed on global flows of capital and large institutions, families have served as critical actors. Housing properties are family goods that shape how members interact, organise themselves, and deal with the vicissitudes of everyday economic life. Families have, moreover, increasingly mobilized around their homes as assets, aligning household transitions and practices towards the accumulation of property wealth. The capacities of different families to realise this, however, are highly uneven with housing conditions becoming increasingly central to growing inequalities and processes of social stratification. This book addresses changing relationships between families and their homes over the latest period of neo-liberalization. The book confronts how transformations in households, life-course transitions, kinship and intergenerational relations shape, and are being shaped by, the shifting role of property markets in social and economic processes. The chapters explore this in terms of different aspects of home, family life and socioeconomic change across varied national contexts.
Author: Paul Langley Publisher: OUP Oxford ISBN: 0191553131 Category : Business & Economics Languages : en Pages : 316
Book Description
In the US and UK, saving and borrowing routines have changed radically and become closely bound-up with the capital markets of global finance. As mutual funds have increased in popularity and pension provision has been transformed, many more individuals and households have come to invest in stocks and shares. As consumer borrowing has risen dramatically and mortgage finance has been extended to those deemed sub-prime, so the repayments of credit card holders and mortgagors have provided the basis for the issue and trading of bonds and other market instruments. The Everyday Life of Global Finance explores the unprecedented relationships that now bind society and the markets, challenging the dominant tendency to simply position recent developments in Wall Street and the City of London at the centre of contemporary finance. Grounded in literature from the sociology of finance and international political economy, drawing on the social theory of Callon, Foucault, and Latour, and informed by extensive empirical research, the book shows how global finance has become mundane and ordinary in Anglo-America. Finance is not 'out there somewhere', but is embedded in the calculative technologies and performances of reconfigured saving and borrowing networks, and is embodied through the assembly of everyday financial identities and self-disciplines. Society's new-found relationships with the financial markets are also shown, however, to be marked by stark inequalities, manifest contradictions, and political dissent. The Everyday Life of Global Finance is thus an ambitious and innovative contribution to our understanding of the contemporary financial world.
Author: Hendrik Van den Berg Publisher: Routledge ISBN: 1317370651 Category : Business & Economics Languages : en Pages : 1232
Book Description
Now in its third edition, Hendrik Van den Berg’s International Economics: A Heterodox Approach covers all of the standard topics taught in undergraduate international economics courses. Written in a friendly and approachable style, this new edition is unique in that it presents the key orthodox neoclassical models of international trade and investment, while supplementing them with a variety of heterodox approaches. This pluralist approach is intended to give economics students a more realistic understanding of the international economy than standard textbooks can provide. Changes to the new edition include: updates throughout to reflect recent world events, including coverage of trade negotiations and the Greek crisis; expanded discussion of pluralist approaches with more coverage of alternative schools of thought; discussions of the growing financialization of global economic activity; additional real-world examples; increased coverage of environmental issues; transnational corporations and their behavior in the international economy; the difference between international investment and international finance; and monetary history; a consolidated and updated chapter on international banking. This book also maintains a broad perspective that links economic activity to the social and natural spheres of human activity, with emphasis on the distributional and environmental effects of international trade, investment, finance, and migration. Chapter summaries, key terms and concepts, problems and questions, and a glossary are included in the book. A Student Study Guide and an Instructor’s Manual are available online.
Author: Jirs Meuris
Author: Jirs Meuris
Author: Thomas A. Lucey
Author: M. Haiven
Author: Ulrich Beck
Author: Richard W. Tresch
Author: Richard Ronald
Author: David Schmidtz
Author: Paul Langley
Author: Hendrik Van den Berg
Author: United States. Congress. Senate. Committee on Finance