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The New Service Class

Housing, Consumption, and Lifestyle among London Bankers in the 1990s

Bibliographic Data

ID4139518
AuthorsL Mcdowell (0000-0001-7888-0886, University of Cambridge, corresponding author), L M Mcdowell (University of Cambridge)
Year1997
Volume29
Issue11
Pages2061-2078
Publication date1997-11-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEnvironment and Planning A Economy and Space (JOURNAL)
Journal identifiersISSN: 0308-518X • E-ISSN: 1472-3409
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1068/a292061
OpenAlexW2138784294
LanguageEN
Citations received23
References cited44

In this paper I draw on a survey of professional employees in three of the City of London's merchant banks to assess arguments about the residential preferences and lifestyle decisions of the 'new' middle class. It has been argued that an increasingly polarised workforce within producer service industries has, in part, led to greater social polarisation in inner areas through the mechanism of gentrification. Further the effects of the feminisation of the labour market, especially the rise in the numbers of professional women in employment, have been adduced as a significant factor in housing-market change. A number of commentators have suggested that women in professional occupations are key players in inner-area gentrification, although the evidence here is limited. Further, middle-class anxiety about employment prospects has been identified by Lyons in a recent article in this journal as a further reason for increased preferences for inner-area locations. In this paper I assess these arguments

Business · Demographic economics · Economic growth · Economics · Gentrification · Inner city · Labour economics · Market economy · Middle class · Social class · Social science · Socioeconomics · Sociology · Workforce · Cultural Industries and Urban Development · Housing, Finance, and Neoliberalism · Urban Planning and Governance · Marketing

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Unique citing works23
Citations per year0,82
Citation span1998 - 2024 (27)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 23

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