Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

‘Global’ Financial Crisis, Earnings Inequalities and Gender: Towards a More Sustainable Model of Development

No metrics data to plot.
The attempt to load metrics for this article has failed.
The attempt to plot a graph for these metrics has failed.
The full text of this article is not currently available.

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this article

+ Tax (if applicable)
Add to Favorites
You must be logged in to use this functionality

image of Comparative Sociology
For content published from 1960-2001, see International Journal of Comparative Sociology.

AbstractThe economic crisis of 2007-8 was sparked primarily by mismanagement of capital markets through speculation and excessive risk taking by very highly paid men (predominantly) in the financial centres of the western world, but the underlying causes are deeply rooted in the neo-liberal model of global development itself.Neo-liberalism is associated with unsustainable increases in earnings inequalities and a related imbalance between productivity and wages resulting in a fall in the share of output accruing to labour. These inequalities formed a key element in generating the crisis. This paper explores the processes leading to and explanations for rising earnings inequality and enduring gender inequality theoretically, and with reference to selected illustrations. As the processes generating current inequalities are so profound and embedded, it is necessary to move beyond marginal adjustments to the current neo-liberal orthodoxy and specify alterative models of development in order to secure economic and social sustainability as well as socially just societies.

Affiliations: 1: London School of Economics UK, Email:, URL:


Full text loading...


Data & Media loading...

1. Adams Valerie , Nelson Julie "“The Economics of Nursing: Articulating Care”" Feminist Economics 2009 Vol 15 4 3 29
2. Addis Elisabetta "“Gender Symmetry in the Reform of the European Welfare States”" RSC No 2002/25 EUI Working Paper 2002 Florence European University Institute Available at
3. Ahmed Sara "“Affective Economies”" Social Text 2004 Vol 22 2 117 139
4. Angelini Elisabetta , Farina Francesco , Pianta Mario "“Innovation and Wage Polarisation in Europe”" International Review of Applied Economics 2009 Vol 23 3 309 325
5. Barrientos Armando "“Labour markets and the (hyphenated) welfare regime in Latin America”" Economy and Society 2009 Vol 38 1 87 108
6. Bogliacino Francesco "“Poorer workers. The determinants of wage formation in Europe”" International Review of Applied Economics 2009 Vol 23 3 327 343
7. Bourdieu Pierre Practical Reason 1998 London Polity
8. Butler Judith Gender Trouble 1990 London Routledge
9. Chant Sylvia Chant S. "“Introduction and Overview”" International Handbook of Gender and Poverty: Concepts, Research, Policy 2010 Cheltenham Edward Elgar
10. Cohen Gerald "“The Incentive Argument, the Interpersonal Test, and Community”" Incentives, Inequality, and Community 1991 Tanner Lectures on Human Values, Stanford University.
11. Elson Diane "“The Economic, the Political and the Domestic: Business, States and Households in the Organisation of Production”" New Political Economy 1998 Vol 3 2 189 208
12. Epstein Cynthia Epstein C. , Kalleberg A. "“Border Crossings: The Constraints of Time Norms in Transgressions of Gender and Professional Roles”" Fighting for Time 2006 New York Russell Sage Foundation
13. Esping-Andersen Gosta The Three Worlds of Welfare Capitalism 1990 Princeton Princeton University Press
14. Estevez-Abe Margarita "“Gender Bias in Skills and Social Policies: The Varieties of Capitalism Perspective on Sex Segregation”" Social Politics 2005 Vol 12 20 180 215
15. Ferguson James "“Reply to the comments on Global Shadows”" Singapore Journal of Tropical Geography 2008 Vol 29 3 270 273
16. Ferreira Francisco H. G. , Milanovic Branko "“Introduction to a Special Issue on Inequality, Politics and Power”" Journal of Economic Inequality 2009 Vol 7 1 3 4
17. Folbre Nancy , Nelson Julie "“For Love or Money – Or both?”" Journal of Economic Perspectives 2000 Vol 14 4 123 140
18. Franzini Maurizio , Pianta Mario "“Mechanisms of Inequality”" International Review of Applied Economics 2009 Vol 23 3 233 237
19. Froud Julie , Leaver Adam , Williams Karel "“New actors in a financialised economy and the remaking of capitalism”" New Political Economy 2007 Vol 12 3 339 347
20. Hall Peter , Soskice David Varieties of Capitalism: The Institutional Foundations of Comparative Advantage 2001 Oxford Oxford University Press
21. Heyes Anthony "“The economics of vocation or why is a badly paid nurse a good nurse?”" Journal of Health Economics 2005 Vol 24 3 561 569
22. Himmelweit Susan "“The prospects for caring: economic theory and policy analysis”" Cambridge Journal of Economics 2007 Vol 31 4 581 599
23. Hirschman Albert The Strategy of Economic Development 1958 Yale University Press, New Haven, CT
24. Honneth Axel The Struggle for Recognition: The Moral Grammar of Social Conflicts 1995 Cambridge Polity Press
25. ILO World of Work Report 2008 Income Inequalities in the Age of Financial Globalisation 2008 Geneva International Labour Office
26. IMF "World Economic Outlook Spillovers and Cycles in the Global Economy" 2007
27. IMF "World Economic Outlook Rebalancing Growth" 2010
28. INEQ "Europe’s Inequality Challenge, European Policy Brief, No. 4" 2009
29. Krugman Paul "“For Richer”" New York Times 2002 10 20 accessed March 2009 Available at .
30. Layard Richard Happiness: Lessons From a New Science 2005 London Penguin Books
31. Makepeace Gerald , Pierella Paci , Heather Joshi , Dolton Peter "“How Unequally Has Equal Pay Progressed Since the 1970s? A study of two British birth cohorts”" Journal of Human Resources 1999 Vol 34 3 534 556
32. Martínez Juliana , Molyneux Maxine , Sánchez-Ancochea Diego "“Latin American capitalism: economic and social policy in transition”" Economy and Society 2009 Vol 38 1 1 16
33. Metcalf Hilary , Rolfe Heather "“Employment and Earnings in the Finance Sector: A Gender Analysis”" EHRC Research Report 2009 Vol 17 London Equality and Human Rights Commission
34. Milanovic Branko "“Can we discern the effect of globalization on income distribution? evidence from household budget surveys”" Policy Research Working Paper Series 2002 The World Bank 2876
35. Nussbaum Martha "“Capabilities as Fundamental Entitlements: Sen And Social Justice”" Feminist Economics 2003 Vol 9 2–3 33 60
36. OECD "Gender pay gaps for full-time workers and earnings differentials by educational attainment" 2011
37. OECD Growing Unequal: Income Distribution and Poverty in OECD Countries 2008 Paris OECD
38. Perrons Diane , Plomien Ania Why socio-economic inequalities increase?: facts and policy responses in Europe. EUR 24471 EN 2010 Brussels European Commission
39. Perrons Diane Globalisation and Social Change, People and Places in a Divided World 2004 London Routledge
40. Phillips Anne "“Defending Equality of Outcome”" Journal of Political Philosophy 2004 Vol 12 1 1 19
41. Phillips Anne , Taylor Barbara "“Sex and Skill”" Feminist Review 1980 Vol 6 79 88
42. Polanyi Karl The Great Transformation: The Political and Economic Origins of our Time 1957 Boston Beacon Press
43. Quah Danny "“Life in unequal growing economies”" 2007 Author’s web page .
44. Research Works Limited for the Central Office of Information, for the Department of Health "“Perceptions of Social Work and Social Care”" 2001 London Department of Health Available at: ).
45. Rodrik Dani "“Goodbye Washington Consensus, Hello Washington Confusion?”" Journal of Economic Literature 2006 Vol 44 973 987
46. Rodrik Dani One Economics, Many Recipes: Globalization, Institutions, and Economic Growth 2007 Princeton Princeton University Press
47. Rubery Jill , Grimshaw Damian , Figueiredo Hugo "“How to Close the Gender Pay Gap in Europe: Towards the Gender Mainstreaming of Pay Policy”" Industrial Relations Journal 2005 Vol 36 3 184 213
48. Sainsbury Diane Gender and Welfare State Regimes 1999 Oxford Oxford University Press
49. Sayer Andrew "“Contributive Justice and Meaningful Work”" Res Publica 2008 Vol 15 1 1 16
50. Seguino Stephanie "“The global economic crisis, its gender and ethnic implications, and policy responses”" Gender and Development 2010 Vol 18 2 179 199
51. Seguino Stephanie , Grown Caren Staveren Irene van , Elson Diane , Grown Caren , Cagatay Nilufer "“Gender Equity and Globalization: Macroeconomic Policy for Developing Countries”" Feminist Economics of Trade 2007 London Routledge
52. Sen Amartya Development as Freedom 1999 Oxford Oxford University Press
53. Sennett Richard Respect: the formation of character in a world of inequality 2003 London Allen Lane
54. Serra Narcis , Stiglitz Joseph The Washington Consensus Reconsidered: Towards a new global governance 2008 Oxford Oxford University Press
55. Tsai Ming-Chang "“Economic and Non Economic Determinants of Poverty in Developing Countries: Competing Theories and Evidence”" Canadian Journal of Development Studies 2006 Vol 27 3 267 285
56. Turner Adair "“The Financial Crisis and the Future of Financial Regulation”" The Economist’s Inaugural City Lecture 2009 01 21
57. UN "MDG Monitor Tracking the Millennium Development Goals: Poverty and Hunger" 2009 .
58. UNDP "Overcoming barriers: Human mobility and development, New York: UNDP 2005. International cooperation at a crossroads: Aid, trade and security in an unequal world" 2009 New York UNDP
59. UNDP "Gender and Human Development" 1995 New York UNDP
60. Wade Robert "“From global imbalances to global reorganisations”" Cambridge Journal of Economics 2009 Vol 33 539 562
61. Wainwright Hilary Reclaim the State: Experiments in Popular Democracy 2003 London Verso
62. Wilkinson Richard , Pickett Kate The Spirit level. Why More Equal Societies Almost Always Do Better 2009 London Allen Lane
63. Williamson John "“What Should the World Bank Think About the Washington Consensus?”" World Bank Research Observer 2000 Vol 15 2 251 264

Article metrics loading...



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Subscribe to ToC alert
  • Get permissions
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Comparative Sociology — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation