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Abstract for:

The Economic Basis of Social Class

John H  Goldthorpe,  Abigail  McKnight,  February 2004
Paper No' CASE 080: | Full paper (pdf)
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Keywords: social class; relations and conditions of employment, lifetime earnings, employment stability, employment security

JEL Classification: J310; J330; J210

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This Paper is published under the following series: CASE Papers
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Abstract:

In this paper we adopt a theory of class positions based on employment relations to assess what implications individuals¿ class positions have for their economic life. In particular we consider economic security (the risk of unemployment), economic stability (the variability component in earnings) and economic prospects (lifetime earnings profiles). Our findings provide empirical support for the theory itself and little evidence for the currently fashionable claims of the decline, or even death, of class in today¿s society.