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The effects of financial capital accumulation on employment and wealth distribution

Objective

This project will analyse the relationship between the logic of financial accumulation and declining working conditions as well as the widening breach in social inequality affecting large segments of the European population. Studies carried out to date have failed to provide a systematic explanation for the relationship between financialisation, employment and wealth distribution. This project will contribute to filling this knowledge gap in the comparative cases of Spain and the UK, two different poles in terms of Eurozone economies.
In the case of Spain, the ER’s (Dr Matilde Massó) current research on financialisation shows a widespread trend whereby financial capital gains of non-financial corporations increase not only when net incomes do, but also when the latter fall within a context of a major economic crisis and high unemployment rates.
The PI (Dr Mark Davis) has worked for the Council of Europe, contributing expertise to the Charter of Shared Social Responsibilities. His recent research on democratic finance shows the importance of money as a public resource that allows for equivalences to be drawn between goods and services of varying types, and the distribution of wealth in contemporary capitalist societies.
This project, hosted by one of the foremost centres of Economic Sociology in Europe (The Bauman Institute of the University of Leeds), brings together both approaches in order to conduct innovative research into the analysis of the effects that financial accumulation has on the field of employment.
The project will boost the ER’s academic career progression as she aims to become a leading world expert in Economic Sociology. The innovative approach of this project lies in the interdisciplinary viewpoint adopted in the analysis of the causes of unemployment and inequality. The exploration of new money-currency systems allowing for more balanced wealth distribution may have the potential for significant long-term socioeconomic impact.

Fields of science (EuroSciVoc)

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Keywords

Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)

Programme(s)

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Topic(s)

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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

MSCA-IF - Marie Skłodowska-Curie Individual Fellowships (IF)

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-MSCA-IF-2016

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Coordinator

UNIVERSITY OF LEEDS
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 97 727,40
Address
WOODHOUSE LANE
LS2 9JT Leeds
United Kingdom

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Region
Yorkshire and the Humber West Yorkshire Leeds
Activity type
Higher or Secondary Education Establishments
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Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 97 727,40
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