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Full-Text Articles in Social and Behavioral Sciences
Beware Financialization, Attractive And Dangerous, But Mostly Dangerous, Donald Tomaskovic-Devey
Beware Financialization, Attractive And Dangerous, But Mostly Dangerous, Donald Tomaskovic-Devey
Sociology Department Faculty Publication Series
One of the central projects of neoliberalism has been the financialization of the global economy. Financialization refers to both the rising political and economic power of financial service firms and the growing importance of financial, rather than production, strategies in the rest of the economy. In the US case at least, financialization also accompanied a shift from values associated with employment and production to a normative elevation of financial investment. In the US the financialization dimension of neoliberalism has increased national and global systemic risk, increased income inequality between sectors of the economy, capital and labor and among classes of …
Where Do Immigrants Fare Worse? Modeling Workplace Wage Gap Variation With Longitudinal Employer-Employee Data, Donald Tomaskovic-Devey, Dustin Avent-Holt, Martin Hällsten
Where Do Immigrants Fare Worse? Modeling Workplace Wage Gap Variation With Longitudinal Employer-Employee Data, Donald Tomaskovic-Devey, Dustin Avent-Holt, Martin Hällsten
Sociology Department Faculty Publication Series
The authors propose a strategy for observing and explaining workplace variance in categorically linked inequalities. Using Swedish economy-wide linked employer-employee panel data, the authors examinevariationinworkplacewageinequalitiesbetweennativeSwedes and non-Western immigrants. Consistent with relational inequality theory, the authors’ findings are thatimmigrant-native wagegaps vary dramatically across workplaces, even net of strong human capital controls. The authors also find that, net of observed and fixed-effect controls for individual traits, workplace immigrant-native wage gaps decline with increased workplace immigrant employment and managerial representation and increase when job segregation rises. These results are stronger in high-inequality workplaces and for white-collar employees: contexts in which one expects status-based …