Reference : Rewealthization in twenty-first century Western countries: the defining trend of the ...
Scientific journals : Article
Social & behavioral sciences, psychology : Sociology & social sciences
Migration and Inclusive Societies
http://hdl.handle.net/10993/45446
Rewealthization in twenty-first century Western countries: the defining trend of the socioeconomic squeeze of the middle class
English
Chauvel, Louis mailto [University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Social Sciences (DSOC) >]
Bar Haim, Eyal mailto [Ben-Gurion University, Beersheba, Israel]
Hartung, Anne mailto [STATEC, Luxembourg]
Murphy, Emily mailto [University of Luxembourg > Faculty of Humanities, Education and Social Sciences (FHSE) > Department of Social Sciences (DSOC) >]
11-Jan-2021
Journal of Chinese Sociology
SpringerOpen
8
Yes (verified by ORBilu)
International
2198-2635
Germany
[en] Middle class ; Wealth ; Inequality
[en] The wealth-to-income ratio (WIR) in many Western countries, particularly in Europe and North America, increased by a factor of two in the last three decades. This represents a defining empirical trend: a rewealthization (from the French repatrimonialisation)—or the comeback of (inherited) wealth primacy since the mid-1990s. For the sociology of social stratification, “occupational classes” based on jobs worked must now be understood within a context of wealth-based domination. This paper first illustrates important empirical features of an era of rising WIR. We then outline the theory of rewealthization as a major factor of class transformations in relation to regimes stabilized in the post-WWII industrial area. Compared to the period where wealth became secondary to education and earnings for middle-class lifestyles, rewealthization steepens society's vertical structure; the "olive-shaped" Western society is replaced by a new one where wealth "abundance" at the top masks social reproduction and frustrations below.
Integrative Research Unit: Social and Individual Development (INSIDE) > PEARL Institute for Research on Socio-Economic Inequality (IRSEI)
Fonds National de la Recherche - FnR
R-STR-3064 > PEARL-Inst Socio-Economic Inequality > 01/01/2014 - 19/01/2048 > CHAUVEL Louis
Researchers
http://hdl.handle.net/10993/45446
https://doi.org/10.1186/s40711-020-00135-6
https://journalofchinesesociology.springeropen.com/articles/10.1186/s40711-020-00135-6
FnR

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