Donald Tomaskovic-Devey is the past Secretary of the American Sociological Association and current President of the Southern Sociological Society. He was elected to the Sociological Research Association in 2006. He has had past appointments at North Carolina State University (Assistant to Full Professor) as well as Visiting Professorships at the Queensland University of Technology (Australia), Stockholm University (Sweden), and Bielefeld University (Germany). He has also been a Fellow at the Rockefeller Bellagio Center and is the past editor of Contemporary Sociology. He has published four books, the first being Recapitalizing America (Routledge, 1983) the most recent Documenting Desegregation (Russell Sage Press, 2012), and many articles on workplace and other inequalities. His early research was on the recapitalization of US capitalism and the third-world debt crisis. He is currently doing research on the income distribution consequences of the financialization of the US economy and long-term trends in workplace sex and race segregation, and he is developing theoretical and empirical models on the relationship between the labor process and workplace inequality. His research has been supported by the National Science Foundation, the U.S. Department of Labor, the Ford Foundation, and the Russell Sage Foundation.
By this expert
The rise of financialization has led to lower living standards and reduced growth in the U.S.
The last 30 years has seen a massive rise in the importance of financial instruments in the American economy. But what has been the impact of this shift in corporate investment strategy?
How Financialization Leads To Income Inequality
The paper referenced in this post, “Financialization and U.S. Income Inequality, 1970–2008,” recently was awarded the 2014 Outstanding Article Award from the Inequality, Poverty, and Mobility section of the American Sociological Association.