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The Creative Class And The Crisis

  • Gabe, Todd

    ()

    (University of Maine)

  • Florida, Richard

    ()

    (University of Toronto)

  • Mellander, Charlotta

    ()

    (Jönköping International Business School)

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.

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Paper 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.

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Length: 44 pages
Date of creation: 12 Apr 2012
Date of revision:
Handle: RePEc:hhs:cesisp:0272
Contact details of provider: Postal: CESIS - Centre of Excellence for Science and Innovation Studies, Royal Institute of Technology, SE-100 44 Stockholm, Sweden
Phone: +46 8 790 95 63
Web page: http://www.infra.kth.se/cesis/

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  1. Ghazala Azmat & Maia Güell & Alan Manning, 2006. "Gender Gaps in Unemployment Rates in OECD Countries," Journal of Labor Economics, University of Chicago Press, vol. 24(1), pages 1-38, January.
  2. Markusen, Ann, 2007. "A Consumption Base Theory of Development: An Application to the Rural Cultural Economy," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 36(1), April.
  3. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "This Time Is Different: Eight Centuries of Financial Folly," Economics Books, Princeton University Press, edition 1, volume 1, number 8973, March.
  4. Richard Florida & Charlotta Mellander & Kevin Stolarick & Adrienne Ross, 2012. "Cities, skills and wages," Journal of Economic Geography, Oxford University Press, vol. 12(2), pages 355-377, March.
  5. Richard Florida & Charlotta Mellander & Kevin Stolarick, 2008. "Inside the black box of regional development: human capital, the creative class and tolerance," Journal of Economic Geography, Oxford University Press, vol. 8(5), pages 615-649, September.
  6. Mary C. Daly & Osborne Jackson & Robert G. Valletta, 2007. "Educational attainment, unemployment, and wage inflation," Economic Review, Federal Reserve Bank of San Francisco, pages 49-61.
  7. David A. McGranahan & Timothy R. Wojan & Dayton M. Lambert, 2011. "The rural growth trifecta: outdoor amenities, creative class and entrepreneurial context -super-�," Journal of Economic Geography, Oxford University Press, vol. 11(3), pages 529-557, May.
  8. Jaison Abel & Todd Gabe, 2011. "Human Capital and Economic Activity in Urban America," Regional Studies, Taylor & Francis Journals, vol. 45(8), pages 1079-1090.
  9. Natalia Kolesnikova & Yang Liu, 2011. "Jobless recoveries: causes and consequences," The Regional Economist, Federal Reserve Bank of St. Louis, issue Apr, pages 18-19.
  10. Todd M. Gabe, 2009. "Knowledge And Earnings," Journal of Regional Science, Wiley Blackwell, vol. 49(3), pages 439-457.
  11. Harvey, David, 2003. "The New Imperialism," OUP Catalogue, Oxford University Press, number 9780199264315.
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