Structural change and its discontents.

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Bibliographic Details
Title: Structural change and its discontents.
Authors: Di Tommaso, Marco Rodolfo1,2 (AUTHOR), Prodi, Elena1,2,3 (AUTHOR) elena.prodi@polimi.it, Di Matteo, Dante2,4 (AUTHOR), Barbieri, Elisa2,5 (AUTHOR)
Source: Structural Change & Economic Dynamics. Mar2025, Vol. 72, p438-455. 18p.
Subjects: Structural dynamics, Labor market, Economic change, Discontent, Equality
Abstract: • The paper explores social discontent from the perspective of structural dynamics. • Social discontent signals trajectories of structural change that are not sustainable. • The paper provides a definition of structural change sustainability. • Destruction of stable and secure jobs amplifies support for anti-elite parties. • Policymakers should reconcile the interests of well-off and emergent class actors. This paper explores the relationship between social discontent and labour market dynamics, particularly with respect to the creation and destruction of stable jobs. By bridging studies on discontent with the literature on structural dynamics, the paper conceives the former as a signal that some countries or regions are experiencing a trajectory of structural change characterized by economic deprivation and social inequality, rooted into limited access to secure and quality jobs. If not properly addressed by policymakers to achieve greater cohesion, this trajectory may lead to irreversible economic decline. Focusing on Italy, results show that jobs destruction amplifies support for anti-elite parties while the creation of secure jobs mitigates social discontent. Policy implications highlight the need for labour market, welfare and education measures fostering structural change trajectories that are sustainable, i.e., where the interests of both vulnerable and well-off socio-economic groups are reconciled in the definition of societal policy goals. [ABSTRACT FROM AUTHOR]
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Database: Engineering Source
Description
Abstract:• The paper explores social discontent from the perspective of structural dynamics. • Social discontent signals trajectories of structural change that are not sustainable. • The paper provides a definition of structural change sustainability. • Destruction of stable and secure jobs amplifies support for anti-elite parties. • Policymakers should reconcile the interests of well-off and emergent class actors. This paper explores the relationship between social discontent and labour market dynamics, particularly with respect to the creation and destruction of stable jobs. By bridging studies on discontent with the literature on structural dynamics, the paper conceives the former as a signal that some countries or regions are experiencing a trajectory of structural change characterized by economic deprivation and social inequality, rooted into limited access to secure and quality jobs. If not properly addressed by policymakers to achieve greater cohesion, this trajectory may lead to irreversible economic decline. Focusing on Italy, results show that jobs destruction amplifies support for anti-elite parties while the creation of secure jobs mitigates social discontent. Policy implications highlight the need for labour market, welfare and education measures fostering structural change trajectories that are sustainable, i.e., where the interests of both vulnerable and well-off socio-economic groups are reconciled in the definition of societal policy goals. [ABSTRACT FROM AUTHOR]
ISSN:0954349X
DOI:10.1016/j.strueco.2024.12.009