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The Creative Class And The Crisis

Author

Listed:
  • Gabe, Todd

    () (University of Maine)

  • Florida, Richard

    () (University of Toronto)

  • Mellander, Charlotta

    () (Jönköping International Business School)

Abstract

The 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.

Suggested Citation

  • Gabe, Todd & Florida, Richard & Mellander, Charlotta, 2012. "The Creative Class And The Crisis," Working Paper Series in Economics and Institutions of Innovation 272, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
  • Handle: RePEc:hhs:cesisp:0272
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    References listed on IDEAS

    as
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    Cited by:

    1. Amitrajeet Batabyal & Hamid Beladi, 2014. "A model of trade between creative regions in the presence of sector specific learning by doing," Journal of Evolutionary Economics, Springer, vol. 24(3), pages 573-585, July.

    More about this item

    Keywords

    Economic Crisis; Great Recession; Creative Class; Service Class; Working Class; Unemployment;

    JEL classification:

    • 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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