Income Dynamics, Economic Rents, and the Financialization of the U.S. Economy

By Donald Tomaskovic-Devey, Ken-Hou Lin. 2011

261 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/e0a8c0be3dbf207fe81a0ce101ea19ace569c3fb

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Adam Goldstein
2. Kim A. Weeden
3. A. Kalleberg
4. J. Almandoz
5. Thijs Bol
6. Neil Fligstein
7. Isabel Fernandez-Mateo
8. Matthew Bidwell

In Finance

1. Adam Goldstein
2. J. Almandoz
3. A. Kalleberg
4. Thijs Bol
5. Neil Fligstein
6. Shipeng Yan
7. Fabrizio Ferraro
8. Steven P. Vallas

In Sociology and Political Science

1. Adam Goldstein
2. Thijs Bol
3. A. Kalleberg
4. J. Almandoz
5. Neil Fligstein
6. Isabel Fernandez-Mateo
7. Matthew Bidwell
8. Shipeng Yan

Citations in the corpus

• The Employment Relationship and Inequality: How and Why Changes in Employment Practices are Reshaping Rewards in Organizations (2013, background): “The same period also saw a spectacular growth in the level of both profits and wages in the financial sector, the industry that most closely represents shareholders (Davis, 2009; Tomaskovic-Devey & Lin, 2011).”
• Financialisation and Income Inequality in OECD Nations:1995-2007 (2012, unknown): “The linking of top management pay to stock options particularly enhanced this trend, as Tomaskovic-Devey and Lin (2011) elaborate, shifting the focus of CEOs and boards away from long-term market share, sales, and productive investments towards shortterm financial investments and manipulations.”
• The Politics of Public Debt: Neoliberalism, Capitalist Development and the Restructuring of the State (2014, background): “Financialization in itself increased income differences, both between sectors and within (Palley, 2008; Tomaskovic-Devey and Lin, 2011).”
• The Emergence of a Finance Culture in American Households, 1989-2007 (2015, background): “…produced a growing number of studies on the origins, dimensions, and effects of financialization across multiple domains, both in the U.S. and elsewhere (Zorn, et al., 2004; Krippner, 2011; Tomaskovic-Devey and Lin, 2011; Lin and Tomaskovic-Devey, 2013; Baud and Durand, 2011; Van Der Zwan, 2014).”
• Probing Precarious Work: Theory, Research, and Politics (2017, background): “Second, the growing power of institutional investors, and of Wall Street generally, has led to a broad financialization of many leading corporations and the economy writ large (Fligstein & Shin, 2007; Ho, 2009a, 2009b; Tomaskovic-Devey & Lin, 2011).”
• Financialization and U.S. Income Inequality, 1970–20081 (2011, unknown): “In addition to the growing income transfer into the finance sector ðTomaskovic-Devey and Lin 2011Þ, we think that the increasing reliance on income through financial channels restructured the social relations and the income dynamics in the nonfinance sector.”
• Occupational Closure and Wage Inequality in Germany and the United Kingdom (2015, background): “Licensure is comparatively prevalent in the United Kingdom, although not as prevalent as in the United States (Humphris et al., 2011).”
• The Rise of Socially Responsible Investment Funds: The Paradoxical Role of the Financial Logic (2019, methodology): “…sector from prior studies, which have used the employment proportion in finance, insurance, and real estate—the FIRE sector (see Krippner, 2005, for a justification for including the real estate sector and Tomaskovic-Devey and Lin, 2011; Lin and TomaskovicDevey, 2013, for empirical applications).”