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Friday, April 6 • 9:40am - 11:05am
FR9.40.01 Finance-Led Capitalism, Housing and Urban Inequalities V: Generational Effects and Inequalities

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Cities across the globe have been undergoing a massive transformation in the aftermath of the 2008 global financial crisis. While some cities have witnessed deepening poverty, foreclosures, and homelessness, others have experienced bubbling property markets, rampant gentrification, and rental housing crises. Some cities have witnessed both processes simultaneously, with effects on social, income, and wealth inequalities that vary along axes of difference such as race, gender, class, age, and citizenship. Undergirding such changes has been a reorganization of the global financial system, with new kinds of lenders and insidious innovations in new credit products. Simultaneously many countries have implemented national consumer protection strategies, financial literacy initiatives, and financially inclusive policy, which potentially serve their stated purposes of strengthening the financial resilience of individuals and households, but can also be conceptualized as deepening processes of state-led neoliberalism and financialization. Comparison between cities, countries and their associated policy initiatives will promote dialogue on the scalar components and effects of contemporary finance-led capitalism.


This final panel in the series examines the generational effects of changes wrought by finance-led capitalism, the significant generational and class inequalities that result, in terms of housing affordability, asset-based welfare policies, intra-urban location, and wealth transfers.


Moderator: Emily Hawes, University of Toronto


The Young and the Restless: Policy Struggles and Housing Access in the Critical Years
Lindsay Flynn, Wheaton College


Renting Urbanity: Housing Market Transitions in the Context of Growing Employment Precarity 
Markus Moos, University of Waterloo


Inter-Generational Inequality in Canada: The Role of Housing Wealth 
Emily Hawes, University of Toronto


Wealth Accumulation under the Restructuring of Housing Finance System: The Case of Korea 
Jihwan Kim, DePaul University


Dorms and Dividends: The Financialization of Student Housing in Canada
Nick Revington, University of Waterloo; Martine August, University of Waterloo


Friday April 6, 2018 9:40am - 11:05am
Kent (2nd Floor)