Abstract
The current literature on financialization and the labour process focuses disproportionately on how corporate financialization induces the use of atypical work and largely overlooks the role of household financialization. This paper presents several mechanisms through which household debt and pension fund financialization increase the financial insecurity of employees, which, in turn, can curb their resistance to accepting such work contracts. To assess our arguments, we estimate the effects of corporate and household financialization on involuntary part-time and temporary employment, using a panel dataset of OECD economies. Our findings provide robust support that financialization increases significantly non-standard employment rates for the total workforce and women, but less for older employees.
| Original language | English |
|---|---|
| Pages (from-to) | 24-45 |
| Number of pages | 22 |
| Journal | British Journal of Industrial Relations |
| Volume | 61 |
| Issue number | 1 |
| Early online date | 12 Aug 2022 |
| DOIs | |
| Publication status | Published - 1 Feb 2023 |
Bibliographical note
Funding Information:We are grateful to Collin Constantine, Yannis Dafermos, Michalis Nikiforos, Harry Pitts, Mark Smith, Alex Wood, Geoffrey Wood, and Stefan Zagelmeyer for comments and discussions on earlier drafts. We would also like to thank participants of the 40th International Labour Process Conference – 2022 (Padua), the 2021 ILERA's HRM Study Group Meeting (Lund), the 2021 ESPAnet Conference (Leuven) and the 6th Global Conference on Economic Geography for providing useful feedback.
Publisher Copyright:
© 2022 The Authors. British Journal of Industrial Relations published by John Wiley & Sons Ltd.
Keywords
- Financialisation
- part time work
- Temporary work
- atypical work
- household debt
- pension funds
Access to Document
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This is the final published version of the article (version of record). It first appeared online via Wiley at https://doi.org/10.1111/bjir.12701. Please refer to any applicable terms of use of the publisher.