SOC 1100 Lecture Notes - Cultural Capital, Social Inequality, Oscar Lewis
14 Jan 2013
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Document Summary
Social stratification: a system by which a society ranks categories of people in a hierarchy. Social mobility: a change in position within the social hierarchy. Caste system: social stratification based on ascription or birth. Class system: social stratification based on both birth and individual achievement. Status consistency: the degree of consistency in a person"s social standing across various dimensions of social inequality. Wealth- the total amount of money and other assets, minus outstanding debts. Income- earnings from work and investments are unequal, with the richest. 20% of families earning eight times as much as the poorest 20% of families. Wealth- the total value of all assets minus debts, wealth is distributed more unequally than income, with the richest 20% of families holding 85% of the wealth. Power- income and wealth (assets such as stock or real estate) are important sources of power. Occupational prestige- work generate not only income but also prestige.
