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The Economic Basis of Social Class
John H Goldthorpe and Abigail McKnight
February 2004
Paper No' CASE 080:
Full Paper (pdf)

JEL Classification: J310; J330; J210

Tags: social class; relations and conditions of employment; lifetime earnings; employment stability; employment security

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.