IDEAS home Printed from https://ideas.repec.org/a/bla/econpa/v39y2020i4p407-417.html
   My bibliography  Save this article

From me to us: Strengthening our Financial Capabilities

Author

Listed:
  • Jeremiah Thomas Brown
  • Marcus Banks
  • Dina Bowman

Abstract

For low‐income or precariously employed households in Australia, the re‐allocation of risk over the past forty years has four crucial economic dimensions: the fraying of the social security net; changes in labour market dynamics; heightened uncertainty arising from income volatilities; and new hazards generated by the financialisation of daily life. Household financial capabilities are negatively influenced by the compounding impacts of each of these risks. Case examples from a BSL study illustrate each impact and their interactions. The dominant idea that individual capabilities are malleable (and thus can be optimised) whilst circumstances and norms are fixed is countered by an expanded view of Sen’s/Nussbaum’s capability approach (CA) that includes collective capabilities. Collective capabilities can change norms, and so, the concept provides a needed link between the political and macroeconomic movement of risk re‐allocation and individual or household financial capabilities. The Australian Unemployed Workers’ Union is used as an example to show how collective action can challenge structural conditions, and expand or protect the capabilities of individuals.

Suggested Citation

  • Jeremiah Thomas Brown & Marcus Banks & Dina Bowman, 2020. "From me to us: Strengthening our Financial Capabilities," Economic Papers, The Economic Society of Australia, vol. 39(4), pages 407-417, December.
    • Handle: RePEc:bla:econpa:v:39:y:2020:i:4:p:407-417
    DOI: 10.1111/1759-3441.12295
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1759-3441.12295
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1759-3441.12295?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Jacob S. Hacker & Gregory A. Huber & Austin Nichols & Philipp Rehm & Mark Schlesinger & Rob Valletta & Stuart Craig, 2014. "The Economic Security Index: A New Measure for Research and Policy Analysis," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(S1), pages 5-32, May.
    2. Urban Sila & Valéry Dugain, 2019. "Income poverty in Australia: Evidence from the HILDA survey," OECD Economics Department Working Papers 1539, OECD Publishing.
    3. T. Kifle & P. Kler & S. Shankar, 2019. "The Underemployment-Job Satisfaction Nexus: A Study of Part-Time Employment in Australia," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 143(1), pages 233-249, May.
    4. Andrew Stewart & Jim Stanford, 2017. "Regulating work in the gig economy: What are the options?," The Economic and Labour Relations Review, , vol. 28(3), pages 420-437, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Roslyn Russell & Ashton de Silva, 2020. "Introduction to the Special Issue: Financial Capabilities and Well‐being," Economic Papers, The Economic Society of Australia, vol. 39(4), pages 314-317, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mohamed Mousa & Walid Chaouali & Monowar Mahmood, 2023. "The Inclusion of Gig Employees and their Career Satisfaction: Do Individual and Collaborative Job Crafting Play a Role?," Public Organization Review, Springer, vol. 23(3), pages 1055-1068, September.
    2. Panarello, Demetrio, 2021. "Economic insecurity, conservatism, and the crisis of environmentalism: 30 years of evidence," Socio-Economic Planning Sciences, Elsevier, vol. 73(C).
    3. John Burgess & Julia Connell, 2020. "New technology and work: Exploring the challenges," The Economic and Labour Relations Review, , vol. 31(3), pages 310-323, September.
    4. Alex Veen & Tom Barratt & Caleb Goods, 2020. "Platform-Capital’s ‘App-etite’ for Control: A Labour Process Analysis of Food-Delivery Work in Australia," Work, Employment & Society, British Sociological Association, vol. 34(3), pages 388-406, June.
    5. Santana, Monica & Cobo, Manuel J., 2020. "What is the future of work? A science mapping analysis," European Management Journal, Elsevier, vol. 38(6), pages 846-862.
    6. Tom Barratt & Caleb Goods & Alex Veen, 2020. "‘I’m my own boss…’: Active intermediation and ‘entrepreneurial’ worker agency in the Australian gig-economy," Environment and Planning A, , vol. 52(8), pages 1643-1661, November.
    7. Behl, Abhishek & Jayawardena, Nirma & Ishizaka, Alessio & Gupta, Manish & Shankar, Amit, 2022. "Gamification and gigification: A multidimensional theoretical approach," Journal of Business Research, Elsevier, vol. 139(C), pages 1378-1393.
    8. Daniel Belanche & Luis V. Casaló & Carlos Flavián & Alfredo Pérez-Rueda, 2021. "The role of customers in the gig economy: how perceptions of working conditions and service quality influence the use and recommendation of food delivery services," Service Business, Springer;Pan-Pacific Business Association, vol. 15(1), pages 45-75, March.
    9. Lars Osberg & Andrew Sharpe, 2014. "Measuring Economic Insecurity in Rich and Poor Nations," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 60(S1), pages 53-76, May.
    10. Andrew Wroe, 2014. "Political trust and job insecurity in 18 European polities," Journal of Trust Research, Taylor & Francis Journals, vol. 4(2), pages 90-112, October.
    11. Marek Kośny & Maria Piotrowska, 2019. "Economic Resourcefulness: Definition and Modeling," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 144(1), pages 425-449, July.
    12. Zoe Hitzig & Benjamin Niswonger, 2022. "Optimal Defaults, Limited Enforcement and the Regulation of Contracts," Papers 2203.01233, arXiv.org, revised May 2022.
    13. Adolfo C. Fernández Puente & Nuria Sánchez-Sánchez, 2021. "How Gender-Based Disparities affect Women’s Job Satisfaction? Evidence from Euro-Area," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 156(1), pages 137-165, July.
    14. Elena Bárcena & Olga Cantó, 2018. "A simple subgroup decomposable measure of downward (and upward) income mobility," Working Papers 472, ECINEQ, Society for the Study of Economic Inequality.
    15. Shai Bernstein & Timothy McQuade & Richard R. Townsend, 2017. "Do Household Wealth Shocks Affect Productivity? Evidence from Innovative Workers During the Great Recession," NBER Working Papers 24011, National Bureau of Economic Research, Inc.
    16. Martins, Antje & Riordan, Tyler & Dolnicar, Sara, 2020. "A post-COVID-19 model of tourism and hospitality workforce resilience," SocArXiv 4quga, Center for Open Science.
    17. Stefan Thewissen & Lane Kenworthy & Brian Nolan & Max Roser & Tim Smeeding, 2018. "Rising Income Inequality and Living Standards in OECD Countries: How Does the Middle Fare?," Journal of Income Distribution, Ad libros publications inc., vol. 26(2), pages 1-23, July.
    18. Bilgrami, A. & Cutler, H. & Sinha, K., 2021. "Do standardised workplace health and safety laws and increased enforcement activities reduce the probability of receiving workers' compensation?," Health, Econometrics and Data Group (HEDG) Working Papers 21/08, HEDG, c/o Department of Economics, University of York.
    19. Watson, Barry & Kong, Nancy & Phipps, Shelley, 2022. "Dreaming of a Brighter Future? The Impact of Economic Vulnerability on University Aspirations," IZA Discussion Papers 15539, Institute of Labor Economics (IZA).
    20. CELI, Giuseppe & VITI, Domenico, 2018. "Land Use, Internal Mobility And External Immigration In Italy," Annals of Spiru Haret University, Economic Series, Universitatea Spiru Haret, vol. 18(3), pages 23-43.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:econpa:v:39:y:2020:i:4:p:407-417. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.