Giorgos Gouzoulis

My research primarily examines how the financialization of non-financial corporations and working households amplifies inequalities and suppresses worker militancy. My key areas of focus include the erosion of the labour share, the growth of underemployment, and the sharp decline in unionization rates and strike activity. I am currently working on projects that investigate how financialization also shapes the finance wage premium and contributes to racial pay gaps. I have also published on social structures of accumulation, endogenous debt-driven cycles, and political business cycles.

Below you can find the full list of my publications and ongoing work:

Journal Articles

Gouzoulis, G. and Nikolopoulou, I. (2025). 'Losing Unequally: Financialization, Productivity, & the Finance Wage Premium.' Industrial Relations Journal, Forthcoming.
Gouzoulis, G., Iliopoulos, P., and Galanis, G. (2025). 'EU-induced Financialisation & Its Impact on the Greek Wage Share, 1999-2021.' European Journal of Industrial Relations, 31(3), 287-312.
Gouzoulis, G., Iliopoulos, P., and Galanis, G. (2025). 'Financialisation, Underemployment, & the Disconnected Greek Capitalism.' Industrial Relations Journal, 56(2), 158-172.
Gouzoulis, G., Galanis, G., and Iliopoulos, P. (2024). 'Financialisation, Shareholder Value Orientation, & the Decline of Trade Union Membership in the EU.' Transfer: European Review of Labour and Research, 30(2), 161-179.

Invited contribution to the Special Issue “HRM & the Worker” (Edited by Evelyne Léonard & Laurent Taskin)

Gouzoulis, G. (2024). 'Does Household Indebtedness Contribute to the Decline of Union Density?' New Political Economy, 29(3), 414-431.
Gouzoulis, G. (2023). ‘What do Indebted Employees do? Financialisation and the Decline of Industrial Action.’ Industrial Relations Journal, 54(1), 71-94.

2024 John Russo & Sherry Linkon Award; 2023 Kurt W. Rothschild Prize

Gouzoulis, G., Iliopoulos, P., and Galanis, G. (2023). ‘Financialization and the Rise of Atypical Work.’ British Journal of Industrial Relations, 61(1), 24-45.

2023 Kurt W. Rothschild Prize

Gouzoulis, G., Constantine, C., and Ajefu, J. (2023). ‘Economic and Political Determinants of the South African Labour Share, 1971-2019.’ Economic and Industrial Democracy, 44(1), 184-207.
Mazzucato, M., Ryan-Collins, J., and Gouzoulis, G. (2023). ‘Mapping Modern Economic Rents: The Good, the Bad, and the Grey Areas.’ Cambridge Journal of Economics, 47(3), 507-534.
Stockhammer, E. and Gouzoulis, G. (2023). 'Debt-GDP Cycles in Historical Perspective: The Case of the USA (1889–2014).' Industrial and Corporate Change, 32(2), 317-335.

Contribution to the Special Issue “Macro Economics and Development” (Edited by Giovanni Dosi & Joseph E. Stiglitz)

Gouzoulis, G. (2022). ‘Financialisation, Globalisation, and the Industrial Labour Share: The Cases of Iran and Thailand.’ Industrial Relations Journal, 53(1), 35-52.

2023 Kurt W. Rothschild Prize

Gouzoulis, G. and Constantine, C. (2022). ‘Varieties of Functional Income Inequality in Latin America: Chile and Mexico Compared.’ Socio-Economic Review, 20(3), 1015-1037.
Gouzoulis, G. and Galanis, G. (2021). ‘The Impact of Financialisation on Public Health in Times of COVID-19 and Beyond.’ Sociology of Health & Illness, 43(6), 1328-1334.
Gouzoulis, G. (2021). ‘Finance, Discipline, and the Labour Share in the Long-run: France (1911-2010) and Sweden (1891-2000).’ British Journal of Industrial Relations, 59(2), 568-594.
Papadopoulou, A. and Gouzoulis, G. (2020). ‘Social Structures of Accumulation in Greece, 1980-2014.’ Review of Political Economy, 32(2), 199-215.
Gouzoulis, G. and Constantine, C. (2019). ‘Class Conflict, Fiscal Policy, and Wage-led Demand: A Model of Kalecki's Political Business Cycle.’ Corvinus Journal of Sociology and Social Policy, 10(2), 51-69.

Book Chapters In Edited Volumes

López Gaitán, P. and Gouzoulis, G. (2025). ‘Financialization and Work: Disconnected Capitalism, New Corporate Governance, and the future of Labour Militancy.’ In Rees, C., Bozkurt, Ö., Limoncelli, S., & Preminger, J. (Eds) Research Handbook on the Sociology of Work. Edward Elgar.

Gouzoulis, G. and Stockhammer, E. (2025). ‘The finance-dominated accumulation regime and the future of work in the post-COVID world.’ In Heyes, J., Leschke, J., Newsome, K., Reich, M., & Wilkinson, A. (Eds) Research Handbook on the Future of Work: Decent Work in a Post-COVID-19 World. Edward Elgar.
Stockhammer, E. and Gouzoulis, G. (2019). ‘A Wage-led growth recovery policy agenda for Advanced and Developing Economies beyond the Neoliberal era.’ In Chena, P.I. and Biscay, P.M. (Eds) El Imperio De Las Finanzas: Deuda y desigualdad. Buenos Aires: Miño y Dávila. [In Spanish]

Work In Progress

Wong, P. Y., Gouzoulis, G., & Galanis, G. (2025). 'Personal Debt Burden and Union Jobs: Evidence from the United States.' - Under Review
Gouzoulis, G. and Papadopoulou, A. (2025). 'Financialization, Personal Debt Burden, & the Black-White Pay Gap in the United States.' - To be submitted
Papadopoulou, A. and Gouzoulis, G. (2025). 'Drivers of Trade Union Membership in Greece, 1970-2019.' - To be submitted

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