2023-09-28 14:46:10 +00:00
|
|
|
abstract: 'What becomes of class when residential property prices in major cities
|
|
|
|
|
|
|
|
|
|
around the world accrue more income in a year than the average wage
|
|
|
|
|
|
|
|
|
|
worker? This paper investigates the dynamic of combined wage
|
|
|
|
|
|
|
|
|
|
disinflation and asset price inflation as a key to understanding the
|
|
|
|
|
|
|
|
|
|
growth of inequality in recent decades. Taking the city of Sydney,
|
|
|
|
|
|
|
|
|
|
Australia, as exemplary of a dynamic that has unfolded across the
|
|
|
|
|
|
|
|
|
|
Anglo-American economies, it explains how residential property was
|
|
|
|
|
|
|
|
|
|
constructed as a financial asset and how government policies helped to
|
|
|
|
|
|
|
|
|
|
generate the phenomenal house price inflation and unequal capital gains
|
|
|
|
|
|
|
|
|
|
of recent years. Proceeding in close conversation with Thomas Piketty''s
|
|
|
|
|
|
|
|
|
|
work on inequality and recent sociological contributions to the question
|
|
|
|
|
|
|
|
|
|
of class, we argue that employment and wage-based taxonomies of class
|
|
|
|
|
|
|
|
|
|
are no longer adequate for understanding a process of stratification in
|
|
|
|
|
|
|
|
|
|
which capital gains, capital income and intergenerational transfers are
|
|
|
|
|
|
|
|
|
|
preeminent. We conclude the paper by outlining a new asset-based class
|
|
|
|
|
|
|
|
|
|
taxonomy which we intend to specify further in subsequent work.'
|
|
|
|
|
affiliation: 'Cooper, M (Corresponding Author), Univ Sydney, Fac Arts \& Social Sci,
|
|
|
|
|
Sch Social \& Polit Sci, Dept Sociol \& Social Policy, Rm 348 Social Sci Bldg A02,
|
|
|
|
|
Sydney, NSW, Australia.
|
|
|
|
|
|
|
|
|
|
Adkins, Lisa; Cooper, Melinda; Konings, Martijn, Univ Sydney, Fac Arts \& Social
|
|
|
|
|
Sci, Sch Social \& Polit Sci, Sydney, NSW, Australia.'
|
|
|
|
|
article-number: 0308518X19873673
|
|
|
|
|
author: Adkins, Lisa and Cooper, Melinda and Konings, Martijn
|
|
|
|
|
author-email: melinda.cooper@sydney.edu.au
|
|
|
|
|
author_list:
|
|
|
|
|
- family: Adkins
|
|
|
|
|
given: Lisa
|
|
|
|
|
- family: Cooper
|
|
|
|
|
given: Melinda
|
|
|
|
|
- family: Konings
|
|
|
|
|
given: Martijn
|
|
|
|
|
da: '2023-09-28'
|
|
|
|
|
doi: 10.1177/0308518X19873673
|
|
|
|
|
earlyaccessdate: SEP 2019
|
|
|
|
|
eissn: 1472-3409
|
|
|
|
|
files: []
|
|
|
|
|
issn: 0308-518X
|
|
|
|
|
journal: ENVIRONMENT AND PLANNING A-ECONOMY AND SPACE
|
|
|
|
|
keywords: 'House price inflation; asset inequality; capital gains; class;
|
|
|
|
|
|
|
|
|
|
intergenerational transfers'
|
|
|
|
|
keywords-plus: SOCIAL-CLASS; ACCUMULATION; LABOR; FALL; RISE
|
|
|
|
|
language: English
|
|
|
|
|
month: MAY
|
|
|
|
|
number: '3'
|
|
|
|
|
number-of-cited-references: '104'
|
|
|
|
|
pages: 548-572
|
|
|
|
|
papis_id: 6108bdd3e9ce2efe4b7ca6ed1789fc00
|
|
|
|
|
ref: Adkins2021class21st
|
|
|
|
|
times-cited: '84'
|
|
|
|
|
title: 'Class in the 21st century: Asset inflation and the new logic of inequality'
|
2023-10-01 08:15:07 +00:00
|
|
|
type: article
|
2023-09-28 14:46:10 +00:00
|
|
|
unique-id: WOS:000486879600001
|
|
|
|
|
usage-count-last-180-days: '2'
|
|
|
|
|
usage-count-since-2013: '17'
|
|
|
|
|
volume: '53'
|
|
|
|
|
web-of-science-categories: Environmental Studies; Geography
|
|
|
|
|
year: '2021'
|
