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This commentary critiques Betthäuser, Bourne and Bukodi's (2020) paper which finds that cognitive ability does not substantially mediate class of origin effects on educational and occupational outcomes. From these results, they conclude that cognitive ability is only of minor importance for social stratification, reasserting their view of the primacy of class origins for social stratification. The central issue surrounding cognitive ability in social stratification is its effects on socioeconomic attainments vis‐à‐vis socioeconomic origins, not the extent that cognitive ability mediates classorigin effects. Their analytical strategy of estimating the extent that cognitive ability mediates class origineffects is misleading because: it ignores the only moderate associations of socioeconomic origins with educational and occupational outcomes; the stronger direct effects of cognitive ability; the associations of parents' ability with their own socioeconomic attainments; and the genetic transmission of cognitive ability and other traits relevant to social stratification from parents to their children. [ABSTRACT FROM AUTHOR]

While most scholarship in the sociology of insurance has focused on the making of insurance risk by investigating mechanisms of pooling and spreading, this article examines insurers' management of financial uncertainty. Based on a large corpus of written sources and 44 semi‐structured oral history interviews, this article seeks to describe and explain a shift in how financial uncertainty is dealt with in British life insurance, away from traditional multipolar arrangements revolving around actuarial prudence and discretion, towards bipolar arrangements that rely on explicit risk quantification and the logic of risk‐based capital to "individualise" financial risk. The article identifies two factors that were key in bringing about this shift: first, the competitive dynamics that unfolded with the emergence of challenger "unit‐linked" insurers in the 1960s, and, second, changes in the professional ecology, as manifested by the changing relations between the actuarial profession and insurance supervisors. [ABSTRACT FROM AUTHOR]

This study inquires whether a new structurally dispossessed class is developing in the United States. The new class proposition is derived from social theory and operationalized by two empirical characteristics: not in the labor force (NILF) and family income below poverty. The primary data source is the Current Population Survey over the years from 1968 to 2018, and threshold demographic criteria for class development is specified as increasing size and diversity. Because evidence is found to support the latter criterion but not the former, the proposition that a new class is developing is partially rejected. The analysis finds that new social components are joining the NILF/impoverished including men, Hispanics, college graduates, and young adults. Second, that the NILF/impoverished are politically active in terms of electoral participation, and no more likely than the total electorate to have voted for a populist Presidential candidate in 2016. NILF/impoverished recipiency of state transfers varies over time, increasing through the Great Recession, then receding. The implications of the investigation are discussed in terms of the likelihood that the NILF/impoverished will generate new forms of political opposition to the rule of capital. [ABSTRACT FROM AUTHOR]