Consumer Credit as an Aspect of Everyday Life of Workers in Developing Countries
| Autor: | Elif Karacimen |
|---|---|
| Rok vydání: | 2015 |
| Předmět: |
Economics and Econometrics
Labour economics media_common.quotation_subject Reproduction (economics) 05 social sciences Wage Developing country Consumer debt 0506 political science Power (social and political) Philosophy Debt 0502 economics and business 050602 political science & public administration Economics Financialization 050207 economics Everyday life media_common |
| Zdroj: | Review of Radical Political Economics. 48:252-268 |
| ISSN: | 1552-8502 0486-6134 |
| DOI: | 10.1177/0486613415591806 |
| Popis: | This paper addresses the question of how consumer credit has become a part of daily life of wage earners in the age of financialization by drawing on the experience of Turkey. Given the dearth of information in this area, it draws on fieldwork conducted among metal workers. In particular, the paper analyzes how consumer credit has become a part of daily life of workers, driven by socio-economic and institutional factors. The results show that consumer debt in Turkey has become a part of the daily life of workers as a consequence of, first, growing dependence on debt to support basic reproduction of labor power, and second, of the banks’ increasing orientation towards consumer lending. These findings also signal the deepening of the already unequal power relation between banks and wage earners. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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