Adam Goldstein
Dados Biográficos
| ID | 3632076 |
|---|---|
| NOME | Adam Goldstein |
| PRENOMES | Adam |
| SOBRENOME | Goldstein |
| ASSINATURA | GOLDSTEIN A |
| AFILIAÇÕES | Princeton University |
| ORCID | 0000-0003-1127-3541 |
| VERIFICADO | Sim |
| TOTAL DE OBRAS | 27 |
| TOTAL DE CITAÇÕES | 189 |
| TOTAL COMO AUTOR | 27 |
| TOTAL COMO EDITOR | 0 |
| PRIMEIRO ANO DE PUBLICAÇÃO | 2013 |
| ANO MAIS RECENTE DE PUBLICAÇÃO | 2026 |
| ÍNDICE H | 7 |
Bad timing
This paper considers the relationship between market composition and temporal dynamics of ethno-racial stratification in mass-participatory asset bubbles. Beginning from the insight that bubbles possess the social structure of a Ponzi scheme, we first ask to what extent timing of entry is structured by racial status and associated resource disparities among participants. We then consider to what extent homophilous social cues and segregation ampl…
When does privatization of distribution utilities’ management reduce electricity losses? Evidence from Rajasthan, India
Ambiguous Actorhood
The Polarization of Inequality Perceptions in the New Gilded Age
Administrative Burden in Federal Student Loan Repayment, and Socially Stratified Access to Income-Driven Repayment Plans
This study considers socially stratified take-up of income-driven repayment plans among federal student loan borrowers with high-debt payment obligations. Qualitative analyses of borrower complaints from the Consumer Financial Protection Bureau are used to document borrowers’ experiences of administrative burden in the federal loan repayment system. The combined effects of burdens on access to payment relief programs are quantified using both adm…
Embracing Market Liberalism? Community Structure, Embeddedness, and Mutual Savings and Loan Conversions to Stock Corporations
Integrating research on communities with economic and organizational sociology, we analyze how organizations' responses to marketization are shaped by their embeddedness in communities and the socio-associational structure of those communities. We address these relations via event-history analyses of mutual conversions to stock corporations among savings and loan associations (SLAs) in the United States, a population of depositor-owned and tradit…
Boom, Bust, Repeat
This article asks whether the experience of a boom-and-bust cycle renders economic actors more or less likely to engage in risky financial activities in the future. The financialization of U.S. households has occurred in the context of two successive mass-participatory asset bubbles: first in the stock market during the 1990s and later in the housing market during the 2000s. Behavioral economic theories predict that prior experience of market cra…
Choose the Plan That’s Right for You
This study examines the distributional consequences of U.S. employers' efforts to devolve responsibility for managing their employees' medical insurance risk. The logic of consumer choice has increasingly come to dominate insurance benefit design, requiring that employees learn to be their own actuaries. We ask, to what extent does the individuation of choice (between insurance plans with disparate levels of cost-sharing) alter the social stratif…
Dog Whistles and Work Hours
Many commentators have suggested that Donald Trump's 2016 election emboldened discrimination against racial minorities. We focus on changes in weekly work hours among hourly paid employees during the five months following the 2016 election (relative to 12 months prior). Using two-wave panel data from the Current Population Survey, we find that black workers suffered temporary work hours and earnings losses relative to white workers in areas where…
Financialization and income generation in the 21st century
This article considers the consequences of asset-based accumulation for household income factors and social class structure in 29 countries from 1998 to 2016. Are financialization, asset-based welfare institutions, and rising real estate returns fueling a growing class of petit rentiers in capitalist economies? That is, households who accrue more than a trivial share of income from capital rather than labor or government transfers. The analysis d…
The Legacy of Shareholder Value Capitalism
American society has now been living in the wake of shareholder value capitalism for four decades. The shareholder value movement began as an invasion of the market for corporate control by financially oriented investors who critiqued sitting managers as not paying sufficient attention to the interests of shareholders during the economic crisis of the 1970s. It altered the relationship between financial markets and the managers of publicly held c…
Asymmetry by Design? Identity Obfuscation, Reputational Pressure, and Consumer Predation in U.S. For-Profit Higher Education
This article develops and tests an identity-based account of malfeasance in consumer markets. We hypothesize that multi-brand organizational structures help predatory firms short-circuit reputational discipline by rendering their underlying identities opaque to consumer audiences. The analysis utilizes comprehensive administrative data on all U.S. for-profit colleges, an industry characterized by widespread fraud and poor (although variable) educ…
Labor’s Capital and Worker Well-Being
Since the 1980s, the shareholder value revolution has undermined the position of workers and organized labor within US firms. At the same time, workers have paradoxically become one of the largest classes of shareholders through labor pension funds (LPF), including state public employee funds and private sector union-affiliated funds. Does workers’ concentrated ownership of capital in LPF represent a mechanism to advance worker interests against …
Covid-19's Socioeconomic Impact on Low-Income Benefit Recipients
The coronavirus disease 2019 (COVID-19) pandemic has introduced manifold dislocations in Americans' lives. Using novel survey data samples of Supplemental Nutritional Assistance Program (SNAP) recipients and U.S. Census Bureau Household Pulse Survey data, the authors examine the incidence of COVID-19-induced hardships among low-income/benefits-eligible households during the early months of the crisis. Five repeated online surveys of SNAP recipien…
Buying In
Social scientists have suggested that a key sociobehavioral consequence of rising inequality is intensifying market competition for advantageous positions in the opportunity structure, such as residences that afford access to high-quality public schools. We assess empirical implications of inequality-fueled positional competition theories (PCTs) by analyzing the relationships between metropolitan income inequality, households’ efforts to secure r…
Governing Through Police? Housing Market Reliance, Welfare Retrenchment, and Police Budgeting in an Era of Declining Crime
The United States witnessed a dramatic expansion of the penal state from the 1970s to the Great Recession of 2008. One key puzzle is why penal state growth continued unabated long after crime levels peaked in the early 1990s. We focus on local policing and consider the relationship between growing city-level law enforcement expenditures and two shifts: first, the move toward an economy increasingly organized around residential real estate; and se…
The Social Ecology of Speculation
The housing boom of the mid-2000s saw the widespread popularization of non-occupant housing investment as an entrepreneurial activity within U.S. capitalism. In 2005, approximately one sixth of all mortgage-financed home purchases in the United States were for investment purposes. This article develops a sociological account that links the geographic distribution of popular investment to the social and institutional organization of communities. R…
The Banker’s Payday - Olivier Godechot, Wages, Bonuses, and Appropriation of Profit in the Financial Industry. The Working Rich (London/New York Routledge 2017)
An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content
Are Some of the Cigar Warnings Mandated in the U.S. More Believable Than Others
Background: Text warnings are mandated on cigars sold in the United States (U.S.), however little published research has examined effectiveness of cigar warnings. This is the first study examining the believability of cigar warnings among adults in the U.S. Methods: Adults in the U.S. (n = 5014) were randomized in a phone survey to receive one of three cigar-specific mandated warning messages (“Cigar smoking can cause cancers of the mouth and thr…
Impact of The Real Cost Campaign on Adolescents’ Recall, Attitudes, and Risk Perceptions about Tobacco Use
The Food and Drug Administration's (FDA) The Real Cost campaign advertisements (ads) have targeted U.S. youth with messages designed to prevent and reduce tobacco use. This study examined exposure to The Real Cost campaign, including ad and slogan recall, and associations with attitudes and risk perceptions among U.S. adolescents. We analyzed data from a nationally representative sample of adolescents aged 13 to 17 years ( n = 1125) surveyed by p…
Financial markets as production markets
The 2007-2009 financial crisis was centered on the US mortgage industry. This article develops a distinctly sociological explanation of that crisis by focusing on the organization of firms in the production of mortgage-backed securities. We use archival and secondary sources to show that the industry became dominated by an 'industrial' conception of control whereby financial firms vertically integrated in order to capture profits in all phases of…
Keeping up with the Joneses
Sociologists conceptualize lifestyles as structured hierarchically where people seek to emulate those higher up. Growing income inequality in the United States means those at the top bid up the price of valued goods like housing and those in lower groups have struggled to maintain their relative positions. We explore this process in the context of the U.S. housing market from 1999 to 2007 by analyzing over 4,000 residential moves from the Panel S…
The financialization of US higher education
Research on financialization has been constrained by limited suitable measures for cases outside of the for-profit sector. Using the case of US higher education, we consider financialization as both increasing reliance on financial investment returns and increasing costs from transactions to acquire capital. We document returns and costs across four types of transactions: (i) revenues from endowment investments, (ii) interest payments on institut…
Electronic Cigarettes on Hospital Campuses
Smoke and tobacco-free policies on hospital campuses have become more prevalent across the U.S. and Europe, de-normalizing smoking and reducing secondhand smoke exposure on hospital grounds. Concerns about the increasing use of electronic cigarettes (e-cigarettes) and the impact of such use on smoke and tobacco-free policies have arisen, but to date, no systematic data describes e-cigarette policies on hospital campuses. The study surveyed all ho…
The emergence of a finance culture in American households, 1989-2007
As the financial economy has expanded beginning in the mid-1980s, it has done so in part by selling more products to individuals and households. Households have had more access to new forms of assets and debts and new ways to fund their lifestyles. This occurred at the same time that income inequality and job insecurity increased dramatically in the USA. We show that a more risk-taking culture that engages in more active financial management emer…
The emergence of a finance culture in American households, 1989-2007
As the financial economy has expanded beginning in the mid-1980s, it has done so in part by selling more products to individuals and households. Households have had more access to new forms of assets and debts and new ways to fund their lifestyles. This occurred at the same time that income inequality and job insecurity increased dramatically in the USA. We show that a more risk-taking culture that engages in more active financial management emer…
Covid-19's Socioeconomic Impact on Low-Income Benefit Recipients
The coronavirus disease 2019 (COVID-19) pandemic has introduced manifold dislocations in Americans' lives. Using novel survey data samples of Supplemental Nutritional Assistance Program (SNAP) recipients and U.S. Census Bureau Household Pulse Survey data, the authors examine the incidence of COVID-19-induced hardships among low-income/benefits-eligible households during the early months of the crisis. Five repeated online surveys of SNAP recipien…
The Legacy of Shareholder Value Capitalism
American society has now been living in the wake of shareholder value capitalism for four decades. The shareholder value movement began as an invasion of the market for corporate control by financially oriented investors who critiqued sitting managers as not paying sufficient attention to the interests of shareholders during the economic crisis of the 1970s. It altered the relationship between financial markets and the managers of publicly held c…
The Social Ecology of Speculation
The housing boom of the mid-2000s saw the widespread popularization of non-occupant housing investment as an entrepreneurial activity within U.S. capitalism. In 2005, approximately one sixth of all mortgage-financed home purchases in the United States were for investment purposes. This article develops a sociological account that links the geographic distribution of popular investment to the social and institutional organization of communities. R…
Financial markets as production markets
The 2007-2009 financial crisis was centered on the US mortgage industry. This article develops a distinctly sociological explanation of that crisis by focusing on the organization of firms in the production of mortgage-backed securities. We use archival and secondary sources to show that the industry became dominated by an 'industrial' conception of control whereby financial firms vertically integrated in order to capture profits in all phases of…
Buying In
Social scientists have suggested that a key sociobehavioral consequence of rising inequality is intensifying market competition for advantageous positions in the opportunity structure, such as residences that afford access to high-quality public schools. We assess empirical implications of inequality-fueled positional competition theories (PCTs) by analyzing the relationships between metropolitan income inequality, households’ efforts to secure r…
Keeping up with the Joneses
Sociologists conceptualize lifestyles as structured hierarchically where people seek to emulate those higher up. Growing income inequality in the United States means those at the top bid up the price of valued goods like housing and those in lower groups have struggled to maintain their relative positions. We explore this process in the context of the U.S. housing market from 1999 to 2007 by analyzing over 4,000 residential moves from the Panel S…
Pulpit and Press
Religious economies theory, which views religious organizations as akin to single-unit firms competing for adherents in local markets, has three shortcomings that we solve by reconceptualizing religious organizations and developing a new theory of religious mobilization. First, we treat religious organizations as multi-unit entities operating in interdependent markets in a national field. Second, we incorporate insights from social movement theor…
Financialization and income generation in the 21st century
This article considers the consequences of asset-based accumulation for household income factors and social class structure in 29 countries from 1998 to 2016. Are financialization, asset-based welfare institutions, and rising real estate returns fueling a growing class of petit rentiers in capitalist economies? That is, households who accrue more than a trivial share of income from capital rather than labor or government transfers. The analysis d…
The financialization of US higher education
Research on financialization has been constrained by limited suitable measures for cases outside of the for-profit sector. Using the case of US higher education, we consider financialization as both increasing reliance on financial investment returns and increasing costs from transactions to acquire capital. We document returns and costs across four types of transactions: (i) revenues from endowment investments, (ii) interest payments on institut…
Boom, Bust, Repeat
This article asks whether the experience of a boom-and-bust cycle renders economic actors more or less likely to engage in risky financial activities in the future. The financialization of U.S. households has occurred in the context of two successive mass-participatory asset bubbles: first in the stock market during the 1990s and later in the housing market during the 2000s. Behavioral economic theories predict that prior experience of market cra…
The Polarization of Inequality Perceptions in the New Gilded Age
Embracing Market Liberalism? Community Structure, Embeddedness, and Mutual Savings and Loan Conversions to Stock Corporations
Integrating research on communities with economic and organizational sociology, we analyze how organizations' responses to marketization are shaped by their embeddedness in communities and the socio-associational structure of those communities. We address these relations via event-history analyses of mutual conversions to stock corporations among savings and loan associations (SLAs) in the United States, a population of depositor-owned and tradit…
Administrative Burden in Federal Student Loan Repayment, and Socially Stratified Access to Income-Driven Repayment Plans
This study considers socially stratified take-up of income-driven repayment plans among federal student loan borrowers with high-debt payment obligations. Qualitative analyses of borrower complaints from the Consumer Financial Protection Bureau are used to document borrowers’ experiences of administrative burden in the federal loan repayment system. The combined effects of burdens on access to payment relief programs are quantified using both adm…
Pulpit and Press
Religious economies theory, which views religious organizations as akin to single-unit firms competing for adherents in local markets, has three shortcomings that we solve by reconceptualizing religious organizations and developing a new theory of religious mobilization. First, we treat religious organizations as multi-unit entities operating in interdependent markets in a national field. Second, we incorporate insights from social movement theor…
Communicating Program Outcomes to Encourage Policymaker Support for Evidence-Based State Tobacco Control
Tobacco use, the leading cause of preventable death in the U.S., can be reduced through state-level tobacco prevention and cessation programs. In the absence of research about how to communicate the need for these programs to policymakers, this qualitative study aimed to understand the motivations and priorities of policymakers in North Carolina, a state that enacted a strong tobacco control program from 2003-2011, but drastically reduced funding…
Electronic Cigarettes on Hospital Campuses
Smoke and tobacco-free policies on hospital campuses have become more prevalent across the U.S. and Europe, de-normalizing smoking and reducing secondhand smoke exposure on hospital grounds. Concerns about the increasing use of electronic cigarettes (e-cigarettes) and the impact of such use on smoke and tobacco-free policies have arisen, but to date, no systematic data describes e-cigarette policies on hospital campuses. The study surveyed all ho…
The emergence of a finance culture in American households, 1989-2007
As the financial economy has expanded beginning in the mid-1980s, it has done so in part by selling more products to individuals and households. Households have had more access to new forms of assets and debts and new ways to fund their lifestyles. This occurred at the same time that income inequality and job insecurity increased dramatically in the USA. We show that a more risk-taking culture that engages in more active financial management emer…
The financialization of US higher education
Research on financialization has been constrained by limited suitable measures for cases outside of the for-profit sector. Using the case of US higher education, we consider financialization as both increasing reliance on financial investment returns and increasing costs from transactions to acquire capital. We document returns and costs across four types of transactions: (i) revenues from endowment investments, (ii) interest payments on institut…
The Banker’s Payday - Olivier Godechot, Wages, Bonuses, and Appropriation of Profit in the Financial Industry. The Working Rich (London/New York Routledge 2017)
An abstract is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content
Are Some of the Cigar Warnings Mandated in the U.S. More Believable Than Others
Background: Text warnings are mandated on cigars sold in the United States (U.S.), however little published research has examined effectiveness of cigar warnings. This is the first study examining the believability of cigar warnings among adults in the U.S. Methods: Adults in the U.S. (n = 5014) were randomized in a phone survey to receive one of three cigar-specific mandated warning messages (“Cigar smoking can cause cancers of the mouth and thr…
Impact of The Real Cost Campaign on Adolescents’ Recall, Attitudes, and Risk Perceptions about Tobacco Use
The Food and Drug Administration's (FDA) The Real Cost campaign advertisements (ads) have targeted U.S. youth with messages designed to prevent and reduce tobacco use. This study examined exposure to The Real Cost campaign, including ad and slogan recall, and associations with attitudes and risk perceptions among U.S. adolescents. We analyzed data from a nationally representative sample of adolescents aged 13 to 17 years ( n = 1125) surveyed by p…
Financial markets as production markets
The 2007-2009 financial crisis was centered on the US mortgage industry. This article develops a distinctly sociological explanation of that crisis by focusing on the organization of firms in the production of mortgage-backed securities. We use archival and secondary sources to show that the industry became dominated by an 'industrial' conception of control whereby financial firms vertically integrated in order to capture profits in all phases of…
Keeping up with the Joneses
Sociologists conceptualize lifestyles as structured hierarchically where people seek to emulate those higher up. Growing income inequality in the United States means those at the top bid up the price of valued goods like housing and those in lower groups have struggled to maintain their relative positions. We explore this process in the context of the U.S. housing market from 1999 to 2007 by analyzing over 4,000 residential moves from the Panel S…
Governing Through Police? Housing Market Reliance, Welfare Retrenchment, and Police Budgeting in an Era of Declining Crime
The United States witnessed a dramatic expansion of the penal state from the 1970s to the Great Recession of 2008. One key puzzle is why penal state growth continued unabated long after crime levels peaked in the early 1990s. We focus on local policing and consider the relationship between growing city-level law enforcement expenditures and two shifts: first, the move toward an economy increasingly organized around residential real estate; and se…
The Social Ecology of Speculation
The housing boom of the mid-2000s saw the widespread popularization of non-occupant housing investment as an entrepreneurial activity within U.S. capitalism. In 2005, approximately one sixth of all mortgage-financed home purchases in the United States were for investment purposes. This article develops a sociological account that links the geographic distribution of popular investment to the social and institutional organization of communities. R…
Buying In
Social scientists have suggested that a key sociobehavioral consequence of rising inequality is intensifying market competition for advantageous positions in the opportunity structure, such as residences that afford access to high-quality public schools. We assess empirical implications of inequality-fueled positional competition theories (PCTs) by analyzing the relationships between metropolitan income inequality, households’ efforts to secure r…
Covid-19's Socioeconomic Impact on Low-Income Benefit Recipients
The coronavirus disease 2019 (COVID-19) pandemic has introduced manifold dislocations in Americans' lives. Using novel survey data samples of Supplemental Nutritional Assistance Program (SNAP) recipients and U.S. Census Bureau Household Pulse Survey data, the authors examine the incidence of COVID-19-induced hardships among low-income/benefits-eligible households during the early months of the crisis. Five repeated online surveys of SNAP recipien…
Asymmetry by Design? Identity Obfuscation, Reputational Pressure, and Consumer Predation in U.S. For-Profit Higher Education
This article develops and tests an identity-based account of malfeasance in consumer markets. We hypothesize that multi-brand organizational structures help predatory firms short-circuit reputational discipline by rendering their underlying identities opaque to consumer audiences. The analysis utilizes comprehensive administrative data on all U.S. for-profit colleges, an industry characterized by widespread fraud and poor (although variable) educ…
Labor’s Capital and Worker Well-Being
Since the 1980s, the shareholder value revolution has undermined the position of workers and organized labor within US firms. At the same time, workers have paradoxically become one of the largest classes of shareholders through labor pension funds (LPF), including state public employee funds and private sector union-affiliated funds. Does workers’ concentrated ownership of capital in LPF represent a mechanism to advance worker interests against …
Choose the Plan That’s Right for You
This study examines the distributional consequences of U.S. employers' efforts to devolve responsibility for managing their employees' medical insurance risk. The logic of consumer choice has increasingly come to dominate insurance benefit design, requiring that employees learn to be their own actuaries. We ask, to what extent does the individuation of choice (between insurance plans with disparate levels of cost-sharing) alter the social stratif…
Dog Whistles and Work Hours
Many commentators have suggested that Donald Trump's 2016 election emboldened discrimination against racial minorities. We focus on changes in weekly work hours among hourly paid employees during the five months following the 2016 election (relative to 12 months prior). Using two-wave panel data from the Current Population Survey, we find that black workers suffered temporary work hours and earnings losses relative to white workers in areas where…
Financialization and income generation in the 21st century
This article considers the consequences of asset-based accumulation for household income factors and social class structure in 29 countries from 1998 to 2016. Are financialization, asset-based welfare institutions, and rising real estate returns fueling a growing class of petit rentiers in capitalist economies? That is, households who accrue more than a trivial share of income from capital rather than labor or government transfers. The analysis d…
The Legacy of Shareholder Value Capitalism
American society has now been living in the wake of shareholder value capitalism for four decades. The shareholder value movement began as an invasion of the market for corporate control by financially oriented investors who critiqued sitting managers as not paying sufficient attention to the interests of shareholders during the economic crisis of the 1970s. It altered the relationship between financial markets and the managers of publicly held c…
Administrative Burden in Federal Student Loan Repayment, and Socially Stratified Access to Income-Driven Repayment Plans
This study considers socially stratified take-up of income-driven repayment plans among federal student loan borrowers with high-debt payment obligations. Qualitative analyses of borrower complaints from the Consumer Financial Protection Bureau are used to document borrowers’ experiences of administrative burden in the federal loan repayment system. The combined effects of burdens on access to payment relief programs are quantified using both adm…
Embracing Market Liberalism? Community Structure, Embeddedness, and Mutual Savings and Loan Conversions to Stock Corporations
Integrating research on communities with economic and organizational sociology, we analyze how organizations' responses to marketization are shaped by their embeddedness in communities and the socio-associational structure of those communities. We address these relations via event-history analyses of mutual conversions to stock corporations among savings and loan associations (SLAs) in the United States, a population of depositor-owned and tradit…
Boom, Bust, Repeat
This article asks whether the experience of a boom-and-bust cycle renders economic actors more or less likely to engage in risky financial activities in the future. The financialization of U.S. households has occurred in the context of two successive mass-participatory asset bubbles: first in the stock market during the 1990s and later in the housing market during the 2000s. Behavioral economic theories predict that prior experience of market cra…
Ambiguous Actorhood
The Polarization of Inequality Perceptions in the New Gilded Age
Economics (20 obras) · Housing, Finance, and Neoliberalism (14 obras) · Business (12 obras) · Finance (10 obras) · Demographic economics (9 obras) · Political science (9 obras) · Housing Market and Economics (8 obras) · Sociology (8 obras) · Environmental health (6 obras) · Finance (6 obras)