Financialization and the rise of atypical work

Giorgos Gouzoulis^*, Panagiotis (Takis) Iliopoulos, Giorgos Galanis

^*Corresponding author for this work

Research output:Contribution to journal ›Article (Academic Journal) ›peer-review

21Citations(Scopus)

140Downloads(Pure)

Abstract

The current literature on financialization and the labour process focuses disproportionately on how corporate financialization induces the use of atypical work and largely overlooks the role of household financialization. This paper presents several mechanisms through which household debt and pension fund financialization increase the financial insecurity of employees, which, in turn, can curb their resistance to accepting such work contracts. To assess our arguments, we estimate the effects of corporate and household financialization on involuntary part-time and temporary employment, using a panel dataset of OECD economies. Our findings provide robust support that financialization increases significantly non-standard employment rates for the total workforce and women, but less for older employees.

Original language	English
Pages (from-to)	24-45
Number of pages	22
Journal	British Journal of Industrial Relations
Volume	61
Issue number	1
Early online date	12 Aug 2022
DOIs	https://doi.org/10.1111/bjir.12701
Publication status	Published -1 Feb 2023

Bibliographical note

Funding Information:
We are grateful to Collin Constantine, Yannis Dafermos, Michalis Nikiforos, Harry Pitts, Mark Smith, Alex Wood, Geoffrey Wood, and Stefan Zagelmeyer for comments and discussions on earlier drafts. We would also like to thank participants of the 40th International Labour Process Conference – 2022 (Padua), the 2021 ILERA's HRM Study Group Meeting (Lund), the 2021 ESPAnet Conference (Leuven) and the 6th Global Conference on Economic Geography for providing useful feedback.

Publisher Copyright:
© 2022 The Authors. British Journal of Industrial Relations published by John Wiley & Sons Ltd.

Keywords

Financialisation
part time work
Temporary work
atypical work
household debt
pension funds

UN SDGs

This output contributes to the following UNSustainable Development Goals (SDGs)

Access to Document

10.1111/bjir.12701Licence:CC BY

Full-text PDF (final published version)
This is the final published version of the article (version of record). It first appeared online via Wiley at https://doi.org/10.1111/bjir.12701. Please refer to any applicable terms of use of the publisher.
Final published version, 497 KBLicence:CC BY

Handle.net

Persistent link

Fingerprint

Dive into the research topics of 'Financialization and the rise of atypical work'. Together they form a unique fingerprint.

View full fingerprint

Cite this

@article{df731b1e4bd4495d958222eff68f5628,

title = "Financialization and the rise of atypical work",

abstract = "The current literature on financialization and the labour process focuses disproportionately on how corporate financialization induces the use of atypical work and largely overlooks the role of household financialization. This paper presents several mechanisms through which household debt and pension fund financialization increase the financial insecurity of employees, which, in turn, can curb their resistance to accepting such work contracts. To assess our arguments, we estimate the effects of corporate and household financialization on involuntary part-time and temporary employment, using a panel dataset of OECD economies. Our findings provide robust support that financialization increases significantly non-standard employment rates for the total workforce and women, but less for older employees.",

keywords = "Financialisation, part time work, Temporary work, atypical work, household debt, pension funds",

author = "Giorgos Gouzoulis and Iliopoulos, \{Panagiotis (Takis)\} and Giorgos Galanis",

note = "Funding Information: We are grateful to Collin Constantine, Yannis Dafermos, Michalis Nikiforos, Harry Pitts, Mark Smith, Alex Wood, Geoffrey Wood, and Stefan Zagelmeyer for comments and discussions on earlier drafts. We would also like to thank participants of the 40th International Labour Process Conference – 2022 (Padua), the 2021 ILERA's HRM Study Group Meeting (Lund), the 2021 ESPAnet Conference (Leuven) and the 6th Global Conference on Economic Geography for providing useful feedback. Publisher Copyright: {\textcopyright} 2022 The Authors. British Journal of Industrial Relations published by John Wiley \& Sons Ltd.",

year = "2023",

month = feb,

day = "1",

doi = "10.1111/bjir.12701",

language = "English",

volume = "61",

pages = "24--45",

journal = "British Journal of Industrial Relations",

issn = "0007-1080",

publisher = "Wiley-Blackwell",

number = "1",

}

TY - JOUR

T1 - Financialization and the rise of atypical work

AU - Gouzoulis, Giorgos

AU - Iliopoulos, Panagiotis (Takis)

AU - Galanis, Giorgos

N1 - Funding Information:We are grateful to Collin Constantine, Yannis Dafermos, Michalis Nikiforos, Harry Pitts, Mark Smith, Alex Wood, Geoffrey Wood, and Stefan Zagelmeyer for comments and discussions on earlier drafts. We would also like to thank participants of the 40th International Labour Process Conference – 2022 (Padua), the 2021 ILERA's HRM Study Group Meeting (Lund), the 2021 ESPAnet Conference (Leuven) and the 6th Global Conference on Economic Geography for providing useful feedback.Publisher Copyright:© 2022 The Authors. British Journal of Industrial Relations published by John Wiley & Sons Ltd.

PY - 2023/2/1

Y1 - 2023/2/1

N2 - The current literature on financialization and the labour process focuses disproportionately on how corporate financialization induces the use of atypical work and largely overlooks the role of household financialization. This paper presents several mechanisms through which household debt and pension fund financialization increase the financial insecurity of employees, which, in turn, can curb their resistance to accepting such work contracts. To assess our arguments, we estimate the effects of corporate and household financialization on involuntary part-time and temporary employment, using a panel dataset of OECD economies. Our findings provide robust support that financialization increases significantly non-standard employment rates for the total workforce and women, but less for older employees.

AB - The current literature on financialization and the labour process focuses disproportionately on how corporate financialization induces the use of atypical work and largely overlooks the role of household financialization. This paper presents several mechanisms through which household debt and pension fund financialization increase the financial insecurity of employees, which, in turn, can curb their resistance to accepting such work contracts. To assess our arguments, we estimate the effects of corporate and household financialization on involuntary part-time and temporary employment, using a panel dataset of OECD economies. Our findings provide robust support that financialization increases significantly non-standard employment rates for the total workforce and women, but less for older employees.

KW - Financialisation

KW - part time work

KW - Temporary work

KW - atypical work

KW - household debt

KW - pension funds

U2 - 10.1111/bjir.12701

DO - 10.1111/bjir.12701

M3 - Article (Academic Journal)

SN - 0007-1080

VL - 61

SP - 24

EP - 45

JO - British Journal of Industrial Relations

JF - British Journal of Industrial Relations

IS - 1

ER -

Movatterモバイル変換