Financialization and the rise of atypical work

Giorgos Gouzoulis; Panagiotis (Takis) Iliopoulos; Giorgos Galanis

doi:10.1111/bjir.12701

Financialization and the rise of atypical work

Giorgos Gouzoulis^*, Panagiotis (Takis) Iliopoulos, Giorgos Galanis

^*Corresponding author for this work

Research output: Contribution to journal › Article (Academic Journal) › peer-review

22 Citations (Scopus)

145 Downloads (Pure)

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	https://doi.org/10.1111/bjir.12701
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.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 1 No Poverty
SDG 5 Gender Equality
SDG 8 Decent Work and Economic Growth
SDG 10 Reduced Inequalities

Keywords

Financialisation
part time work
Temporary work
atypical work
household debt
pension funds

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title = "Financialization and the rise of atypical work",

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.",

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AB - 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.

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KW - household debt

KW - pension funds

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Financialization and the rise of atypical work

Abstract

Bibliographical note

UN SDGs

Keywords

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