Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/267021 
Year of Publication: 
2021
Series/Report no.: 
LIS Working Paper Series No. 821
Publisher: 
Luxembourg Income Study (LIS), Luxembourg
Abstract: 
Over the last three decades, the wealth-to-income ratio (WIR) in many Western countries, particularly in Europe and North America, increased by a factor of two. This represents a defining empirical trend: a rewealthization (from the French repatrimonialisation) - or the comeback of (inherited) wealth primacy since the mid '90s. For the sociology of social stratification, 'occupational classes' based on jobs worked must now be understood within a context of wealth-based domination. In this paper, we first illustrate important empirical features of an era of rising WIR. We then outline the theory of rewealthization as a major factor of class transformations in relation to regimes stabilized in the post-WWII industrial area. Compared to the period where wealth became a secondary resource for a middle-class lifestyle afforded by education and labor income for both men and women, rewealthization has steepened the vertical climb to resource 'abundance' (feng) in society while masking social reproduction.
Subjects: 
inequality
middle-class society
repatrimonialisation
wealth-to-income ratio
Document Type: 
Working Paper

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