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Resilience from the micro perspective

Listed author(s):
  • Justin Doran
  • Bernard Fingleton

Perhaps uniquely, we combine individual-level data from the American Community Survey 2005–2011 with aggregate data for small areas to examine the resilience of individuals’ wages to the 2008 economic crisis. A Mincer-type wage equation, incorporating market potential and employment density, is estimated, leading to a measure of resilience based on actual wages in 2011 and on a counterfactual obtained from our wage equation. We find that individuals living in areas with a higher level of market potential are more resilient, controlling for individual-level characteristics such as education and ethnicity, indicating that both individual-specific and place-specific factors are important.

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File URL: http://hdl.handle.net/10.1093/cjres/rsv004
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Article provided by Cambridge Political Economy Society in its journal Cambridge Journal of Regions, Economy and Society.

Volume (Year): 8 (2015)
Issue (Month): 2 ()
Pages: 205-223

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Handle: RePEc:oup:cjrecs:v:8:y:2015:i:2:p:205-223.
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