Sebastian Kohl
Dados Biográficos
| ID | 189906 |
|---|---|
| NOME | Sebastian Kohl |
| PRENOMES | Sebastian |
| SOBRENOME | Kohl |
| ASSINATURA | KOHL S |
| AFILIAÇÕES | Freie Universität Berlin |
| ORCID | 0000-0002-8358-6021 |
| VERIFICADO | Sim |
| TOTAL DE OBRAS | 50 |
| TOTAL DE CITAÇÕES | 260 |
| TOTAL COMO AUTOR | 50 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 2010 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2026 |
| ÍNDICE H | 9 |
What Counts as a Stronger Cause? Six Meanings of Causal Importance in the Social Sciences
Philosophers have analyzed the meaning of binary causal statements (“A causes B”), yet many disputes in the social sciences concern a different question: the relative weight of causes, or what it means to claim that “A is more important than B in bringing about C.” This article argues that the ambiguity behind this claim underlies many stable disagreements between different schools of social scientists. Building on the philosophy of the social sc…
Do Initial Neighborhood Characteristics Impact Future Residential Integration of Refugees? Quasi-experimental Evidence from a Swedish Placement Policy
Sweden has recorded the highest number of refugees per capita in Europe in recent decades, while its major cities maintain high levels of ethnic segregation. This paper investigates the long-term impact of refugees’ initial neighborhood placement on long-term neighborhood integration. Using full population register data since 1990, the paper applies a fine-grained k-nearest-neighbor approach and accounts for refugee's potential self-selection int…
Crowding (at) the Margins
Urban segregation and economic inequality in Sweden (1991–2017)
This article bridges the gap between inequality and segregation research by introducing a method to decompose income segregation across spatial units, income groups, and income sources, applied to detailed full-population register data for Sweden from 1991 to 2017. Sweden’s sharp rise in income inequality—driven largely by capital income gains among top earners—has coincided with intensifying spatial sorting, especially within cities. We find tha…
Competition Law and Varieties of Capitalism in the Long Run
Competition law has played a central role in shaping different models of industrial capitalism. Drawing on new competition law indicators spanning 1890–2010, this article examines how competition law has evolved alongside capitalist systems and identifies enduring institutional complementarities between legal regimes and political economies. While competition law has become more stringent in most jurisdictions, the evolution of formal rules and e…
Housing Question Old and New
In a context of unprecedented urbanization, nineteenth‐century European cities faced the ‘housing question’, i.e. precarious housing standards and affordability problems. While existing research has well described these historical housing problems in single‐city studies or in national urbanization histories, to our knowledge, there are hardly any multi‐country neighborhood‐level comparisons across many cities. This article first draws on a new da…
Age at Arrival and Immigrant Segregation
Studies of urban segregation have paid little attention to when immigrants arrive, whereas research on age at arrival has rarely considered segregation as an outcome. This study bridges these two literatures. Exploiting variation in age at arrival between siblings, we causally show that immigrants who arrive at younger ages are more likely to live in less segregated neighborhoods as adults, with the effect being particularly pronounced among refu…
Lost votes, divided cities
A room of one’s own? The consequences of living density on individual well-being and social anomie
The global housing affordability crisis and COVID shutdowns have put living space inequality back on the political agenda. Drawing on Durkheim’s theory of anomie and density, this paper argues that on how many square meters a society lives matters for how stable or anomic it develops. Using data from the Swiss Household Panel, we examine the selection, short-term, and dynamic effects associated with transitions to overcrowded and under-occupied d…
Making someone do something
Housing segregation in Chinese major cities
Most studies on residential segregation in China have primarily relied on decennial population census data, which lacks the granularity and timeliness needed to capture segregation dynamics with higher frequency. Drawing on georeferenced housing market transaction data between 2012 and 2023 in Shanghai and Beijing, and employing fine-grained spatial segregation analysis techniques, including k-nearest neighbor approaches ( k −NN) and modifiable g…
Managing overaccumulation
Social housing has been experiencing a global trend towards residualization, primarily targeting vulnerable groups through non-market methods. Meanwhile, it is undergoing a parallel trend of financialization, where it is increasingly treated as a financial asset for trading and speculation. In contrast, social rented housing in China is transitioning to a mass model and embracing financialization, exemplified by the government's proactive promoti…
Housing and Party Politics in Germany and Its Länder
Amid a persistent affordability crisis, German political parties increasingly frame housing as the "new social question of our time." But to what extent do parties at the national and regional levels also agree on solutions, given Germany's stark regional housing differences and regionalized housing policymaking? Using a novel dataset on party positions toward housing, we analyzed 361 party manifestos from national and Länder elections between 20…
Bookkeepers of catastrophes
Reinsurers are often overlooked producers and translators of climate change knowledge. • Unique perspective linking question of climate change to real-life damages and losses. • Damage and risk perspective on climate change began to emerge in the 1970s. • Internal sensemaking highlights the thorny nature of interpreting climate-related data. • Analysis draws on expert interviews, confidential archival sources and text analysis. Global warming had…
Beyond trade-offs
Modern welfare states compete with private providers of welfare in offering economic security. This is most evident in the case of pensions competing with life insurance and private pensions as well as of public health insurance competing with private insurance providers. The common view of this public–private relationship is one of a trade-off: longitudinally, political scientists describe how retrenchment was pushed by privatized welfare, where…
Varieties of East-Central European housing tenure structure
Published online: 22 May 2024
The state house prices make
The moral economy of land
This article offers a comparative-historical perspective on the moral economy of land. We reconstruct the moral economy of the popular land reform movement that opposed the illegitimate income streams of rentiers and speculators in the early 20th century, tracing the movement's legacy through a long-run analysis of political party platforms since 1880 in the USA, the UK, Germany and Sweden. We find that the land reformers' conceptualization of la…
Private Insurance, Public Welfare, and Financial Markets
Contemporary capitalist societies use different institutions to manage economic risks. While different public welfare state and financial institutions (banks, capital markets) have been studied across coordinated and liberal market economies, the different worlds of private insurance institutions have been understudied. Building on new insurance data sets (1880-2017), we find that countries with a Maritime (USA, GBR, CAN) in contrast to the more …
The Rise and Fall of Social Housing? Housing Decommodification in Long-run Comparison
The comparative study of housing decommodification lags behind classical welfare state research, while housing research itself is rich in homeownership studies but lacks comparative accounts of private and social rentals due to missing comparative data. Building on existing works and various primary sources, this study presents a new collection of up to forty-eight countries' social housing shares in stock and new construction since the first hou…
Rent price control – yet another great equalizer of economic inequalities? Evidence from a century of historical data
The long-run U-shaped patterns of economic inequality are standardly explained by basic economic trends (Piketty’s r > g), taxation policies or ‘great levellers’ such as catastrophes. This article argues that housing policy, and particularly rent control, is a neglected explanatory factor in understanding macro inequality. We hypothesize that rent control could decrease overall housing wealth, lower incomes of generally richer landlords and incre…
Social policy or crowding-out? Tenant protection in comparative long-run perspective
Private rental markets have become increasingly important since the Global Financial Crisis 2008–2009 and rent controls are back on the political agenda. Yet, they have received less attention from housing scholars than homeownership and public housing. This paper presents new data on the development of private tenancy legislation based on a content-coding of rent control, protection of tenants from eviction, and rental housing rationing laws acr…
The hidden homeownership welfare state
Welfare is traditionally understood as social security decommodifying labour markets or as social investment policies. In the domain of housing, however, welfare for homeowners is largely hidden in the tax codes’ fiscal exemptions. Based on a content analysis of legislation, this article introduces a novel yearly database of 37 countries between 1901 and 2020 to uncover the “hidden welfare state” of taxes on imputed rent, deductibility of mortgag…
Is the left right? The creeping embourgeoisement of social democracy through homeownership
Recent decades have been marked by the rise of populism, the emergence of New Labour and decline of social democratic parties. The dominant explanation for these trends is a shift in cultural attitudes but leaves open where such a sudden shift comes from. Advancing recent cross‐sectional work on the political economy of housing, this paper suggests that slow‐moving underlying processes as materialized in the expansion of homeownership can help ex…
The Great De-Mortgaging
Recent research in economic history has found that mortgage debt in relation to GDP has taken off in the historical long run ("great mortgaging"), as growing banking assets have been redirected into mortgage credit. This paper maps the parallel long-run investment history of private (life) insurance as the much overlooked second pillar of the financial system. Drawing on in-depth studies of the US and Germany, it finds that a "great de-mortgaging…
More Mortgages, More Homes? The Effect of Housing Financialization on Homeownership in Historical Perspective
Recent research has emphasized the negative effects of finance on macroeconomic performance and even cautioned of a 'finance curse.' As one of the main drivers of financial sector growth, mortgages have traditionally been hailed as increasing the number of homeowners in a country. This article uses long-run panel data for seventeen countries between 1920 (1950) and 2013 to show that the effect of the 'great mortgaging' on homeownership rates is n…
The inversion of the ‘really big trade-off
The hypothesis of a trade-off between homeownership and welfare state provision, first proposed by Jim Kemeny around 1980, is a foundational claim in the political economy of housing. However, the evidence for this hypothesis is unclear at both macro and micro levels. This paper examines the link between welfare and homeownership at the macro level using new long-run data and a multilevel modelling approach. It shows that the negative cross-secti…
The political economy of homeownership
America's 'infatuation with homeownership' has been identified as one cause of the latest financial crisis. Based on codings of 1809 party manifestos in 19 countries since 1945, this article addresses the question of where the political ideal to democratize homeownership came from. While conservative parties have defended homeownership across countries and time, centre-left parties have oscillated between a pro-homeownership and a pro-rental posi…
Historicizing housing typologies
Comparative housing scholars have, for many years now, imported typologies from non-housing spheres to explain housing phenomena. Notably, approaches attempting to account for divergent housing tenure patterns and trends have frequently been organized around typologies based on the assumption that a causal relationship exists between homeownership rates and the type of welfare regime or, more recently, the variety of residential capitalism a coun…
The origins of national housing finance systems
This paper advances the first historically informed typology of housing finance systems. Using a novel collection of historical mortgage-market data, we identify four different ‘ideal type’ systems, which developed in mature economies when organised housing finance institutions began to emerge with the advance of industrialism and urbanism throughout the long nineteenth century: informal person-to-person lending, and state lending as solutions ou…
Is the left right? The creeping embourgeoisement of social democracy through homeownership
Recent decades have been marked by the rise of populism, the emergence of New Labour and decline of social democratic parties. The dominant explanation for these trends is a shift in cultural attitudes but leaves open where such a sudden shift comes from. Advancing recent cross‐sectional work on the political economy of housing, this paper suggests that slow‐moving underlying processes as materialized in the expansion of homeownership can help ex…
Varieties of economization in competition policy
This paper explains the different trajectories of German and American competition policy and its permissiveness toward economic concentration in the last few decades. While the German political economy had moved to a stronger antitrust regime after 1945 and stuck to it even after the economic governance shifts of the 1980s, the traditional antitrust champion, the United States, has shed considerable parts of its basic governance toolkit against a…
Too much mortgage debt? The effect of housing financialization on housing supply and residential capital formation
This article argues that the explosion of mortgage finance has not led to a proportional expansion of housing supply across 17 countries in a historical perspective (1913-2016). Based on a collection of housing construction data, it shows that the co-cyclical behavior of construction, prices and mortgage credit has been followed by a decoupling of house-price mortgage spirals from the underlying stagnating or declining construction activity since…
The Power of Institutional Legacies
Comparative welfare and production regime literature has so far neglected the considerable cross-country differences in the sphere of housing. The United States became a country of homeowners living in cities of single-family houses in the twentieth century. Its housing policy was focused on supporting private mortgage indebtedness with only residual public housing. Germany, on the contrary, remained a tenant-dominated country with cities of mult…
Heidegger and socio-ontology
This paper uses the work and employs the tools of the German philosopher Martin Heidegger to attempt to improve sociology. Heidegger's thinking is employed primarily to undo a paradox of sociology. Sociology focuses on the social, but starts with the assumption of essentially non-social egos that somehow generate a social world. This 'egologism' has caused sociology to occupy itself with a number of pseudo-problems. We argue that Heidegger develo…
The Great De-Mortgaging
Recent research in economic history has found that mortgage debt in relation to GDP has taken off in the historical long run ("great mortgaging"), as growing banking assets have been redirected into mortgage credit. This paper maps the parallel long-run investment history of private (life) insurance as the much overlooked second pillar of the financial system. Drawing on in-depth studies of the US and Germany, it finds that a "great de-mortgaging…
Varieties of Social Democracy and Cooperativism
The historical-comparative study of social democracy and cooperative organization are the foster children of historical sociology. This article offers a first account of systematic ideological differences in social-democratic ideology regarding private ownership and different cooperative traditions in the housing sphere of Northern European and continental German-speaking countries. The long-run trajectory of housing welfare regimes in these two …
Bureaucrats or Ideologues? EU Merger Control as Market‐centred Integration
Since 1989, no major European merger has been able to go through without EU approval. The introduction of a centralized merger control procedure was another increase in the powers of the Commission's Directorate‐General for Competition (DG COMP). While some see it playing a neo‐mercantilist role in a positive European integration, others underline its neoliberal ideological roots. Through our analysis of all merger decisions made between 1990 and…
Urban heritages
Contemporary Western cities are not uniform, but display a variety of different housing forms and tenures, both between and within countries. We distinguish three general city types in this paper: low-rise, single-family dwelling cities where owner-occupation is the most prevalent tenure form; multi-dwelling building cities where tenants comprise the majority; and multi-dwelling building cities where owner-occupation is the principal tenure form.…
Private Insurance, Public Welfare, and Financial Markets
Contemporary capitalist societies use different institutions to manage economic risks. While different public welfare state and financial institutions (banks, capital markets) have been studied across coordinated and liberal market economies, the different worlds of private insurance institutions have been understudied. Building on new insurance data sets (1880-2017), we find that countries with a Maritime (USA, GBR, CAN) in contrast to the more …
The decline of organizational sociology? An empirical analysis of research trends in leading journals across half a century
Recent works see organizational sociology at the brink of irrelevance. Against this backdrop, in this article the authors want to explore the current state of organizational sociology empirically. They employ a variety of manual, automated and semi-automated content analyses to examine research articles published in generalist sociology journals since the 1950s. Contrary to contemporary pessimistic assessments, the results indicate that organizat…
Urban History Matters
The homeownership rate in the United States has continuously been about 20 percentage points higher than that of Germany. This homeownership gap is traced back to before the First World War at the urban level. Existing approaches, relying on socio-economic factors, demographics, culture or housing policy, cannot explain the persistence of these differences in homeownership. This article fills this explanatory gap by making a path-dependence argum…
Social policy or crowding-out? Tenant protection in comparative long-run perspective
Private rental markets have become increasingly important since the Global Financial Crisis 2008–2009 and rent controls are back on the political agenda. Yet, they have received less attention from housing scholars than homeownership and public housing. This paper presents new data on the development of private tenancy legislation based on a content-coding of rent control, protection of tenants from eviction, and rental housing rationing laws acr…
The hidden homeownership welfare state
Welfare is traditionally understood as social security decommodifying labour markets or as social investment policies. In the domain of housing, however, welfare for homeowners is largely hidden in the tax codes’ fiscal exemptions. Based on a content analysis of legislation, this article introduces a novel yearly database of 37 countries between 1901 and 2020 to uncover the “hidden welfare state” of taxes on imputed rent, deductibility of mortgag…
Rival views of economic competition
Competition is a constitutive feature of capitalist societies. Social conflicts over the introduction, abolition and regulation of market organization are saturated with implicit moral arguments concerning the desirability of competition. Yet, unlike private property, exchange relations and social inequalities, economic competition has rarely been the explicit core of moral debates over capitalism. Drawing on a broad variety of social science lit…
Continuities and discontinuities of Russian urban housing
Did the socialist experiment disrupt continuity in Russian urban housing? Based on a unique collection of urban data covering several hundred Russian cities and spanning three regimes across more than a century, this paper gives a nuanced account of continuities and discontinuities of housing in post-Soviet cities. Three main housing characteristics are analysed: urban density (persons per building and living space per capita), ownership structur…
Why durability matters? Towards a Comparative Economic Sociology of Market Organization
What can a good's durability tell us about its market organization? This paper argues that the socially expected durability of goods is one of their most important features. It illuminates temporal and material aspects of market organization and social change across different markets. While recent literature in the sociology of markets tends to emphasize financial goods, intangible assets, and the service economy, markets for material durable and…
The Rise and Fall of Social Housing? Housing Decommodification in Long-run Comparison
The comparative study of housing decommodification lags behind classical welfare state research, while housing research itself is rich in homeownership studies but lacks comparative accounts of private and social rentals due to missing comparative data. Building on existing works and various primary sources, this study presents a new collection of up to forty-eight countries' social housing shares in stock and new construction since the first hou…
Managing overaccumulation
Social housing has been experiencing a global trend towards residualization, primarily targeting vulnerable groups through non-market methods. Meanwhile, it is undergoing a parallel trend of financialization, where it is increasingly treated as a financial asset for trading and speculation. In contrast, social rented housing in China is transitioning to a mass model and embracing financialization, exemplified by the government's proactive promoti…
Varieties of East-Central European housing tenure structure
Published online: 22 May 2024
Economic Sociology Discovering Economic Geography
Интервью с Гэри Беккером: «Считаю, хорошая идея -заниматься экономической социологией» Перевод с англ.Д. Крылова и Г. Логинова.ИНТЕРВЬЮ Считается, что это награда, вручаемая экономистам в возрасте до 40 лет, открывает дорогу к Нобелевской премии.Двенадцать нобелевских лауреатов по экономике отмечены медалью Кларка, вручаемой с 2010 г
An Economic Sociological Look at Economic Anthropology
The paper is intended to be a brief introduction into the field of economic anthropology. The authors make an overview of the main issues of the discipline. More specifically, the paper focuses on the foundations of economic anthropology, key debates within the field and the topics the field typically deals with. Some classical works that concern these topics are mentioned. In conclusion, possible fruitful encounters between economic anthropology…
Heidegger and socio-ontology
This paper uses the work and employs the tools of the German philosopher Martin Heidegger to attempt to improve sociology. Heidegger's thinking is employed primarily to undo a paradox of sociology. Sociology focuses on the social, but starts with the assumption of essentially non-social egos that somehow generate a social world. This 'egologism' has caused sociology to occupy itself with a number of pseudo-problems. We argue that Heidegger develo…
The Power of Institutional Legacies
Comparative welfare and production regime literature has so far neglected the considerable cross-country differences in the sphere of housing. The United States became a country of homeowners living in cities of single-family houses in the twentieth century. Its housing policy was focused on supporting private mortgage indebtedness with only residual public housing. Germany, on the contrary, remained a tenant-dominated country with cities of mult…
Urban History Matters
The homeownership rate in the United States has continuously been about 20 percentage points higher than that of Germany. This homeownership gap is traced back to before the First World War at the urban level. Existing approaches, relying on socio-economic factors, demographics, culture or housing policy, cannot explain the persistence of these differences in homeownership. This article fills this explanatory gap by making a path-dependence argum…
Housing Economics. A Historical Approach
This is an important book for the study of housing and for historically oriented studies in the social sciences more broadly. While in economics the study of historical persistency has been underta
The origins of national housing finance systems
This paper advances the first historically informed typology of housing finance systems. Using a novel collection of historical mortgage-market data, we identify four different ‘ideal type’ systems, which developed in mature economies when organised housing finance institutions began to emerge with the advance of industrialism and urbanism throughout the long nineteenth century: informal person-to-person lending, and state lending as solutions ou…
Why Housing Studies Still Lacks Social Theory and What to Do about It
The Focus articles of Hannu Ruonavaara (This issue) and David Clapham (This issue) are both in dialogue with Jim Kemeny’s writing and, particularly, two of his claims made in Housing and Social The
Urban heritages
Contemporary Western cities are not uniform, but display a variety of different housing forms and tenures, both between and within countries. We distinguish three general city types in this paper: low-rise, single-family dwelling cities where owner-occupation is the most prevalent tenure form; multi-dwelling building cities where tenants comprise the majority; and multi-dwelling building cities where owner-occupation is the principal tenure form.…
More Mortgages, More Homes? The Effect of Housing Financialization on Homeownership in Historical Perspective
Recent research has emphasized the negative effects of finance on macroeconomic performance and even cautioned of a 'finance curse.' As one of the main drivers of financial sector growth, mortgages have traditionally been hailed as increasing the number of homeowners in a country. This article uses long-run panel data for seventeen countries between 1920 (1950) and 2013 to show that the effect of the 'great mortgaging' on homeownership rates is n…
The use of Data Envelopment Analysis (DEA) in healthcare with a focus on hospitals
Varieties of economization in competition policy
This paper explains the different trajectories of German and American competition policy and its permissiveness toward economic concentration in the last few decades. While the German political economy had moved to a stronger antitrust regime after 1945 and stuck to it even after the economic governance shifts of the 1980s, the traditional antitrust champion, the United States, has shed considerable parts of its basic governance toolkit against a…
Historicizing housing typologies
Comparative housing scholars have, for many years now, imported typologies from non-housing spheres to explain housing phenomena. Notably, approaches attempting to account for divergent housing tenure patterns and trends have frequently been organized around typologies based on the assumption that a causal relationship exists between homeownership rates and the type of welfare regime or, more recently, the variety of residential capitalism a coun…
Continuities and discontinuities of Russian urban housing
Did the socialist experiment disrupt continuity in Russian urban housing? Based on a unique collection of urban data covering several hundred Russian cities and spanning three regimes across more than a century, this paper gives a nuanced account of continuities and discontinuities of housing in post-Soviet cities. Three main housing characteristics are analysed: urban density (persons per building and living space per capita), ownership structur…
The inversion of the ‘really big trade-off
The hypothesis of a trade-off between homeownership and welfare state provision, first proposed by Jim Kemeny around 1980, is a foundational claim in the political economy of housing. However, the evidence for this hypothesis is unclear at both macro and micro levels. This paper examines the link between welfare and homeownership at the macro level using new long-run data and a multilevel modelling approach. It shows that the negative cross-secti…
Too much mortgage debt? The effect of housing financialization on housing supply and residential capital formation
This article argues that the explosion of mortgage finance has not led to a proportional expansion of housing supply across 17 countries in a historical perspective (1913-2016). Based on a collection of housing construction data, it shows that the co-cyclical behavior of construction, prices and mortgage credit has been followed by a decoupling of house-price mortgage spirals from the underlying stagnating or declining construction activity since…
Why durability matters? Towards a comparative economic sociology of market organization - Erratum
Why durability matters? Towards a Comparative Economic Sociology of Market Organization
What can a good's durability tell us about its market organization? This paper argues that the socially expected durability of goods is one of their most important features. It illuminates temporal and material aspects of market organization and social change across different markets. While recent literature in the sociology of markets tends to emphasize financial goods, intangible assets, and the service economy, markets for material durable and…
The decline of organizational sociology? An empirical analysis of research trends in leading journals across half a century
Recent works see organizational sociology at the brink of irrelevance. Against this backdrop, in this article the authors want to explore the current state of organizational sociology empirically. They employ a variety of manual, automated and semi-automated content analyses to examine research articles published in generalist sociology journals since the 1950s. Contrary to contemporary pessimistic assessments, the results indicate that organizat…
Is More Mittelstand the Answer? Firm Size and the Crisis of Democratic Capitalism
Corporate concentration is currently being discussed as a core reason for the crisis of democratic capitalism. It is seen as a prime mover for wage stagnation and alienation, economic inequalities and discontent with democracy. A tacit coalition of progressive anti-monopoly critiques and small business promoters considers more deconcentrated corporate structures to be a panacea for the crisis of democratic capitalism, arguing that small firms in …
Varieties of Social Democracy and Cooperativism
The historical-comparative study of social democracy and cooperative organization are the foster children of historical sociology. This article offers a first account of systematic ideological differences in social-democratic ideology regarding private ownership and different cooperative traditions in the housing sphere of Northern European and continental German-speaking countries. The long-run trajectory of housing welfare regimes in these two …
Bureaucrats or Ideologues? EU Merger Control as Market‐centred Integration
Since 1989, no major European merger has been able to go through without EU approval. The introduction of a centralized merger control procedure was another increase in the powers of the Commission's Directorate‐General for Competition (DG COMP). While some see it playing a neo‐mercantilist role in a positive European integration, others underline its neoliberal ideological roots. Through our analysis of all merger decisions made between 1990 and…
The political economy of homeownership
America's 'infatuation with homeownership' has been identified as one cause of the latest financial crisis. Based on codings of 1809 party manifestos in 19 countries since 1945, this article addresses the question of where the political ideal to democratize homeownership came from. While conservative parties have defended homeownership across countries and time, centre-left parties have oscillated between a pro-homeownership and a pro-rental posi…
Is the left right? The creeping embourgeoisement of social democracy through homeownership
Recent decades have been marked by the rise of populism, the emergence of New Labour and decline of social democratic parties. The dominant explanation for these trends is a shift in cultural attitudes but leaves open where such a sudden shift comes from. Advancing recent cross‐sectional work on the political economy of housing, this paper suggests that slow‐moving underlying processes as materialized in the expansion of homeownership can help ex…
The Great De-Mortgaging
Recent research in economic history has found that mortgage debt in relation to GDP has taken off in the historical long run ("great mortgaging"), as growing banking assets have been redirected into mortgage credit. This paper maps the parallel long-run investment history of private (life) insurance as the much overlooked second pillar of the financial system. Drawing on in-depth studies of the US and Germany, it finds that a "great de-mortgaging…
Economics (30 obras) · Housing, Finance, and Neoliberalism (25 obras) · Political science (25 obras) · Politics (19 obras) · Housing Market and Economics (17 obras) · Market economy (17 obras) · Law (15 obras) · Sociology (15 obras) · Law (12 obras) · Geography (9 obras)