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This paper analyses the equilibrium dynamics of exploitation and class in general accumulation economies with … emergence and persistence of exploitation and class are investigated, and the role of labour-saving technical change and, even … logically coherent and empirically relevant analysis of inequalities and class relations in advanced capitalist economies. An …
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This paper investigates a new approach to understanding personal and functional income distribution. I propose that hierarchical power - the command of subordinates in a hierarchy - is what distinguishes the rich from the poor and capitalists from workers. Specifically, I hypothesize that...
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greater control over subordinates, I hypothesize, that explains the income and class of the very rich. I test this idea using … portion of their income. This suggests that among CEOs, both income size and income class relate to hierarchical power. I then … plausible. Using this model, I infer the relation between income size, income class, and hierarchical power among the US public …
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The extant literature on status-signalling primarily adopts Veblen's theory of class to caste and racial identities …. This study aims to adopt a more suitable theoretical lens that is more relevant not only for class identities, but also for … other identities such as caste and race. By viewing conspicuous consumption within the Stigma-Identity-Threat framework …
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During the period 2005 to 2020, Black borrowers with mortgages insured by Fannie Mae or Freddie Mac paid interest rates that were almost 50 basis points higher than those paid by nonHispanic white borrowers. We show that the main reason is that non-Hispanic white borrowers are much more likely...
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