Skip to Main Content
 

Global Search Box

 
 
 
 

Files

File List


osu1302033581.pdf (592.05 KB)

ETD Abstract Container

Abstract Header

Financialization, Wealth and Income Inequality

Nau, Michael D.
http://rave.ohiolink.edu/etdc/view?acc_num=osu1302033581

Abstract Details

2011, Master of Arts, Ohio State University, Sociology.
Income inequality has been rising in the U.S. in recent decades. Prior scholarship generally links increasing income inequality to labor market and demographic changes. However, these changes alone cannot explain the growing concentration of income at the very top of the income distribution nor the rising importance of financial income for wealthy households. Using the Survey of Consumer Finances, I find that financial income, which is the returns to wealth, has come to account for the majority of overall income inequality in the last decade. This dramatic shift is a result of financialization, a set of interrelated processes that include financial deregulation as well as changes in the consumption and investment patterns of firms and households. This finding underscores the need to study property relations when examining income inequality.
Rachel Dwyer, Dr. (Committee Chair)
Hodson Randy, Dr. (Committee Member)
Martin Andrew, Dr. (Committee Member)
61 p.
Sociology
Financialization; Inequality; Wealth; Stratification; Income

Recommended Citations

Citations

  • Nau, M. D. (2011). Financialization, Wealth and Income Inequality [Master's thesis, Ohio State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=osu1302033581

    APA Style (7th edition)

  • Nau, Michael. Financialization, Wealth and Income Inequality. 2011. Ohio State University, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=osu1302033581.

    MLA Style (8th edition)

  • Nau, Michael. "Financialization, Wealth and Income Inequality." Master's thesis, Ohio State University, 2011. http://rave.ohiolink.edu/etdc/view?acc_num=osu1302033581

    Chicago Manual of Style (17th edition)

osu1302033581
6,351
© 2011, all rights reserved.
This open access ETD is published by The Ohio State University and OhioLINK.