Assistant Professor Allen Hyde recently had his paper “Left behind?” Financialization and income inequality between the affluent, middle class, and the poor accepted into the working paper series (No. 745) of the Luxembourg Income Study (LIS). Allen spent the summer of 2017 at the University of Luxembourg in Belval for a workshop on using the LIS databases for highly sensitive yet cutting edge data on income and wealth in countries across the globe. This paper builds upon research (including his own) and shows that financialization, or the growth of finance in national economies, not only increases income inequality by increasing incomes for the affluent, but it also undercuts incomes for other parts of the income distribution, particularly those at the bottom. This paper (see link below) is currently under review at a top international journal in the field of social stratification and inequality, and he will continue a number of other research projects in this area for future research.

http://www.lisdatacenter.org/wps/liswps/745.pdf