Class politics in financialized economies
Evidence from the United Kingdom, 1983-2019
Bibliographic Data
| ID | 4237592 |
|---|---|
| Authors | Jake Burchard (0009-0003-6655-732X, University of Chicago, corresponding author) |
| Year | 2025 |
| Volume | 23 |
| Issue | 4 |
| Pages | 2363-2393 |
| Publication date | 2025-06-16 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Socio-Economic Review (JOURNAL) |
| Journal identifiers | ISSN: 1475-1461 • E-ISSN: 1475-147X |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ser/mwaf037 |
| OpenAlex | W4411686624 |
| Language | EN |
| References cited | 32 |
The finance, insurance, and real estate (FIRE) industries of advanced economies are highly profitable and politically influential. However, like in other industries, FIRE revenues are distributed unevenly between different classes of workers. I examine the implications of these distributive patterns for individual attitudes toward government spending, inflation, income inequality, and taxes. Using large-scale survey data from the UK, I find that employees in the FIRE sector are more likely to support policies that, in principle, protect the unique sources of financial revenues than are employees in non-FIRE sectors, even after accounting for personal income levels. I also find that an employee's class position-defined in terms of their workplace authority and professional credentials-significantly moderates these sectoral differences in attitudes. Specifically, differences are larger among managers and professional workers than among non-professional workers. I conclude by discussing how these differences may affect class political alignments in financialized economies
Class (philosophy) · Economics · Economy · Kingdom · Political economy · Political science · Politics · Housing, Finance, and Neoliberalism · Law · Political Economy and Marxism · Social Policy and Reform Studies
Political Choice in Britain
Divested
Who voted for Brexit? Individual and regional data combined
Interaction terms in logit and probit models
Social mobility and class structure in modern Britain
Theory of the Consumption Function
Income Dynamics, Economic Rents, and the Financialization of the U.S. Economy
Power in Modern Societies
Value, Exploitation and Class
Multiple Imputation for Nonresponse in Surveys
Brahmin Left Versus Merchant Right
Social Relations, Technical Divisions, and Class Stratification in the United States
Financialisation in emerging economies
Class, Assets and Work in Rentier Capitalism
The Public/Private Sector Cleavage Revisited
Political Orientations and Behavior of Public Employees
Occupations as a Site of Political Preference Formation
Risks and Redistribution
The financialization of policy preferences
Rentier Capitalism
The Political Economy of Ownership
An Asset Theory of Social Policy Preferences
Logistic Regression
The Case for a New Class Map
Class, Exploitation, and Economic Rents
| Highly cited | No |
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