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