Documents Hyde, Allen 3 results

"This paper examines the long-run effects of globalization, financialization, and European integration on union density in 18 affluent capitalist democracies between 1981 and 2010. After appropriate controls, imports from developing and imports from advanced countries and financialization negatively affect, and capital mobility positively affects, unionization. Immigration has no consistent effect on unionization. Also, European integration—measured as logged years of membership in the European Union (EU)—negatively affects unionization. Interactions of EU membership with globalization and financialization variables reveal a complicated pattern with distinctive effects for EU and non-EU countries. Overall, our findings contribute to the ongoing stream of scholarly research about the causes of union decline among affluent democratic countries in the neoliberal period."

"There is increasing scholarly evidence that financialization has contributed to rising income inequality, especially by concentrating income among the affluent and rich. There is less empirical research examining who is losing out to the affluent. This paper fills this gap by examining how three measures of financialization (finance, insurance and real estate or FIRE employment; credit expansion; and financial crises) affect upper-tail (measured as the ratio between the 90th and 50th income percentiles) and lower-tail (measured as the ratio between the 50th and 10th income percentiles) income inequality. Using concepts from economic sociology and the social stratification literature, I develop a perspective that links financialization to income inequality by creating more unequal market incomes while simultaneously reducing redistribution and social transfers. I analyze disposable household income data (after taxes and transfers) from the Luxembourg Income Study (LIS) and other public sources like the OECD from 16 affluent nations between the years 1980 to 2010, and I use an unbalanced panel design due to LIS data coverage. I find that both the middle class and poor are hurt by financialization (strongest evidence tied to FIRE employment); however, incomes of the poor are most sensitive to financialization."

"This article examines the causes of the different historical trajectories of US union membership in the private and public sectors, a topic relevant for understanding the link between unions and industrial democracy. The article focuses on the different legal contexts shaping membership in these two sectors, especially the role of right-to-work (RTW) and public sector collective bargaining (PSCB) laws. Using state-level data from 1984 to 2019, the study finds that RTW laws decrease, and PSCB laws increase union membership in both sectors, suggesting cross-over effects. The authors conclude with a discussion of the implications of these findings for the prospects of expanding economic and industrial democracy."