The Creative Class And The Crisis
AbstractThe economic crisis contributed to sharp increases in U.S. unemployment rates for all three of the major socio-economic classes. Results from regression models using individual-level data from the 2006-2011 U.S. Current Population Surveys indicate that members of the Creative Class had a lower probability of being unemployed over this period than individuals in the Service and Working Classes, and that the impact of having a creative occupation became more beneficial in the two years following the recession. These patterns, if they continue, are suggestive of a structural change occurring in the U.S. economy—one that favors knowledge-based creative activities.
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Bibliographic InfoPaper provided by Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies in its series Working Paper Series in Economics and Institutions of Innovation with number 272.
Length: 44 pages
Date of creation: 12 Apr 2012
Date of revision:
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Economic Crisis; Great Recession; Creative Class; Service Class; Working Class; Unemployment;
Other versions of this item:
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
- R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
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