IDEAS home Printed from https://ideas.repec.org/p/cep/sticas/080.html
   My bibliography  Save this paper

The Economic Basis of Social Class

Author

Listed:
  • John H Goldthorpe
  • Abigail McKnight

Abstract

In this paper we adopt a theory of class positions based on employment relations to assess what implications individuals¿ class positions have for their economic life. In particular we consider economic security (the risk of unemployment), economic stability (the variability component in earnings) and economic prospects (lifetime earnings profiles). Our findings provide empirical support for the theory itself and little evidence for the currently fashionable claims of the decline, or even death, of class in today¿s society.

Suggested Citation

  • John H Goldthorpe & Abigail McKnight, 2004. "The Economic Basis of Social Class," CASE Papers 080, Centre for Analysis of Social Exclusion, LSE.
    • Handle: RePEc:cep:sticas:080
    as

    Download full text from publisher

    File URL: https://sticerd.lse.ac.uk/dps/case/cp/CASEpaper80.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Gallie, Duncan & White, Michael & Cheng, Yuan & Tomlinson, Mark, 1998. "Restructuring the Employment Relationship," OUP Catalogue, Oxford University Press, number 9780198294412.
    2. Holmstrom, Bengt & Milgrom, Paul, 1991. "Multitask Principal-Agent Analyses: Incentive Contracts, Asset Ownership, and Job Design," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 7(0), pages 24-52, Special I.
    3. Samuel Bowles & Herbert Gintis, 2002. "The Inheritance of Inequality," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 3-30, Summer.
    4. Rees, Hedley & Shah, Anup, 1986. "An Empirical Analysis of Self-employment in the U.K," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 1(1), pages 95-108, January.
    5. Steve Machin & Amanda Gosling, 1994. "What happened to the wages of men since the mid-1960s," Fiscal Studies, Institute for Fiscal Studies, vol. 15(4), pages 63-87, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michela Franceschelli & Ingrid Schoon & Karen Evans, 2017. "‘Your Past Makes You Who You Are’: Retrospective Parenting and Relational Resilience Among Black Caribbean British Young People," Sociological Research Online, , vol. 22(4), pages 48-65, December.
    2. Andrew E. Clark & Sarah Flèche & Claudia Senik, 2016. "Economic Growth Evens Out Happiness: Evidence from Six Surveys," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 62(3), pages 405-419, September.
    3. Chiara Assunta Ricci, 2016. "The mobility of Italy’s middle income group," PSL Quarterly Review, Economia civile, vol. 69(277), pages 173-197.
    4. Ã lvaro Choi & John Jerrim, 2015. "The use (and misuse) of PISA in guiding policy reform: the case of Spain?," DoQSS Working Papers 15-04, Quantitative Social Science - UCL Social Research Institute, University College London.
    5. Francis Green & Stephen Machin & Richard Murphy & Yu Zhu, 2012. "The Changing Economic Advantage from Private Schools," Economica, London School of Economics and Political Science, vol. 79(316), pages 658-679, October.
    6. Yelena Avraamova & Dmitry Loginov, 2016. "The Socio-Economic Value of Teacher Salaries Rise," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 1135-1145.
    7. Brian Nolan & Sarah Voitchovsky, 2016. "Job loss by wage level: lessons from the Great Recession in Ireland," IZA Journal of European Labor Studies, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-29, December.
    8. Pedro Cunha Neves, 2018. "Optimal policies, middle class development and human capital accumulation under elite rivalry," CEFAGE-UE Working Papers 2018_04, University of Evora, CEFAGE-UE (Portugal).
    9. Luis López-Calva & Eduardo Ortiz-Juarez, 2014. "A vulnerability approach to the definition of the middle class," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 12(1), pages 23-47, March.
    10. Elena Sochirca & Pedro Cunha Neves, 2020. "Optimal policies, middle class development and human capital accumulation under elite rivalry," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 10(4), pages 727-744, December.
    11. Álvaro Choi & John Jerrim, 2015. "The use (and misuse) of Pisa in guiding policy reform: the case of Spain," Working Papers 2015/6, Institut d'Economia de Barcelona (IEB).
    12. Avraamova, E. M. & Loginov, D. M., 2016. "Socio-Economic Importance of Raising Teachers' Remuneration," R-Economy, Ural Federal University, Graduate School of Economics and Management, vol. 2(4), pages 490-499.
    13. Ronelle Burger & Cindy Lee Steenekamp & Servaas van der Berg & Asmus Zoch, 2014. "The middle class in contemporary South Africa: Comparing rival approaches," Working Papers 11/2014, Stellenbosch University, Department of Economics.
    14. Guillermo Cruces & Luis Felipe López Calva & Diego Battistón, 2011. "Down and Out or Up and In? Polarization-Based Measures of the Middle Class for Latin America," CEDLAS, Working Papers 0113, CEDLAS, Universidad Nacional de La Plata.
    15. Richard J Shaw & Michaela Benzeval & Frank Popham, 2014. "To What Extent Do Financial Strain and Labour Force Status Explain Social Class Inequalities in Self-Rated Health? Analysis of 20 Countries in the European Social Survey," PLOS ONE, Public Library of Science, vol. 9(10), pages 1-11, October.
    16. Francis Green & Stephen Machin & Richard Murphy & Yu Zhu, 2008. "Competition for private and state school teachers," CEE Discussion Papers 0094, Centre for the Economics of Education, LSE.
    17. Sauer, Robert M. & Wilson, John & Mantovan, Noemi, 2019. "The Economic Benefits of Volunteering and Social Class," IZA Discussion Papers 12713, Institute of Labor Economics (IZA).
    18. Loayza, Norman & Rigolini, Jamele & Llorente, Gonzalo, 2012. "Do middle classes bring about institutional reforms?," Economics Letters, Elsevier, vol. 116(3), pages 440-444.
    19. Elena Sochirca & Pedro Cunha Neves, 2018. "Optimal policies, middle class development and human capital accumulation under elite rivalry," NIPE Working Papers 16/2018, NIPE - Universidade do Minho.
    20. Bob Jeffery & Dawn Devine & Peter Thomas, 2018. "‘There’s Nothing’: Unemployment, Attitudes to Work and Punitive Welfare Reform in Post-Crash Salford," Sociological Research Online, , vol. 23(4), pages 795-811, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Goldthorpe, John H. & McKnight, Abigail, 2004. "The economic basis of social class," LSE Research Online Documents on Economics 6312, London School of Economics and Political Science, LSE Library.
    2. Surajeet Chakravarty, 2005. "Resolving Contractual Disputes: Arbitration vs Mediation," The Centre for Market and Public Organisation 05/117, The Centre for Market and Public Organisation, University of Bristol, UK.
    3. Lindbeck, Assar & Snower, Dennis J, 2000. "Multitask Learning and the Reorganization of Work: From Tayloristic to Holistic Organization," Journal of Labor Economics, University of Chicago Press, vol. 18(3), pages 353-376, July.
    4. Isabel Grilo & Roy Thurik, 2008. "Determinants of entrepreneurial engagement levels in Europe and the US," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 17(6), pages 1113-1145, December.
    5. Lin Wang & Feng Pan, 2023. "Incentive Mechanism Analysis of Environmental Governance Using Multitask Principal–Agent Model," Sustainability, MDPI, vol. 15(5), pages 1-17, February.
    6. Susan Feng Lu, 2012. "Multitasking, Information Disclosure, and Product Quality: Evidence from Nursing Homes," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 21(3), pages 673-705, September.
    7. Anja Schöttner & Veikko Thiele, 2010. "Promotion Tournaments and Individual Performance Pay," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 19(3), pages 699-731, September.
    8. McCausland, David & Pouliakas, Konstantinos & Theodossiou, Ioannis, 2005. "Some are Punished and Some are Rewarded: A Study of the Impact of Performance Pay on Job Satisfaction," MPRA Paper 14243, University Library of Munich, Germany.
    9. Patrick Legros & Andrew F. Newman & Eugenio Proto, 2014. "Smithian Growth through Creative Organization," The Review of Economics and Statistics, MIT Press, vol. 96(5), pages 796-811, December.
    10. Rachel G. Childers, 2011. "Being One'S Own Boss: How Does Risk Fit In?," The American Economist, Sage Publications, vol. 56(1), pages 48-58, May.
    11. David Martimort & Flavio Menezes & Myrna Wooders & ELISABETTA IOSSA & DAVID MARTIMORT, 2015. "The Simple Microeconomics of Public-Private Partnerships," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 17(1), pages 4-48, February.
    12. Bruno S. Frey & Susanne Neckermann, 2005. "Auszeichnungen: Ein Vernachl�ssigter Anreiz," IEW - Working Papers 254, Institute for Empirical Research in Economics - University of Zurich.
    13. Schmid, Andreas, 2007. "Incentive Compatibility and Efficiency in the contractual Insurer-Provider Relationship: Economic Theory and practical Implications: The Case of North Carolina," MPRA Paper 23311, University Library of Munich, Germany, revised 2008.
    14. Thomas Dohmen & Armin Falk & David Huffman & Uwe Sunde, 2009. "Homo Reciprocans: Survey Evidence on Behavioural Outcomes," Economic Journal, Royal Economic Society, vol. 119(536), pages 592-612, March.
    15. Ro’i Zultan & Eldar Dadon, 2023. "Missing the forest for the trees: when monitoring quantitative measures distorts task prioritization," Working Papers 2319, Ben-Gurion University of the Negev, Department of Economics.
    16. Dietrichson, Jens, 2013. "Coordination Incentives, Performance Measurement and Resource Allocation in Public Sector Organizations," Working Papers 2013:26, Lund University, Department of Economics.
    17. Jing Wang & Gen Li & Kai-Lung Hui, 2022. "Monetary Incentives and Knowledge Spillover: Evidence from a Natural Experiment," Management Science, INFORMS, vol. 68(5), pages 3549-3572, May.
    18. Anna Matas & Ginés de Rus & Stef Proost & Salvador Bertoméu-Sánchez & Antonio Estache, 2018. "The Financing of Infrastructure / La financiación de las infraestructuras / El finançament de les infraestructures," IEB Reports ieb_report_1_2018, Institut d'Economia de Barcelona (IEB).
    19. Yann Kossi & Jean-Yves Lesueur & Mareva Sabatier, 2016. "Publish or teach? The role of the scientific environment on academics’ multitasking," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 25(3), pages 487-506.
    20. Elisabetta Iossa & David Martimort, 2012. "Risk allocation and the costs and benefits of public--private partnerships," RAND Journal of Economics, RAND Corporation, vol. 43(3), pages 442-474, September.

    More about this item

    Keywords

    social class; relations and conditions of employment; lifetime earnings; employment stability; employment security;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cep:sticas:080. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://sticerd.lse.ac.uk/case/_new/publications/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.