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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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    Cited by:

    1. Batabyal, Amitrajeet A. & Yoo, Seung Jick, 2018. "Schumpeterian creative class competition, innovation policy, and regional economic growth," International Review of Economics & Finance, Elsevier, vol. 55(C), pages 86-97.
    2. Niusha Esmaeilpoorarabi & Tan Yigitcanlar & Mirko Guaralda, 2016. "Place quality and urban competitiveness symbiosis? A position paper," International Journal of Knowledge-Based Development, Inderscience Enterprises Ltd, vol. 7(1), pages 4-21.
    3. Esmaeilpoorarabi, Niusha & Yigitcanlar, Tan & Guaralda, Mirko & Kamruzzaman, Md., 2018. "Evaluating place quality in innovation districts: A Delphic hierarchy process approach," Land Use Policy, Elsevier, vol. 76(C), pages 471-486.
    4. Michael Stierle & Ulrike Stierle-von Schütz & Stijn Rocher, 2018. "How did Regional Economic Structures in the EU Change during the Economic Crisis?," European Economy - Discussion Papers 088, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    5. Batabyal, Amitrajeet, 2018. "Creative Class Competition and Innovation in the Absence of Patent Protection," MPRA Paper 89604, University Library of Munich, Germany, revised 17 Apr 2018.
    6. 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.
    7. Amitrajeet A. BATABYAL & Hamid BELADI, 2016. "Trade Between Creative Regions When The Input Elasticity Of Substitution Is Less Than Unity," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(3), pages 11-18, December.
    8. Davide Consoli & Mabel Sánchez-Barrioluengo, 2016. "Polarization and the growth of low-skill employment in Spanish Local Labor Markets," Papers in Evolutionary Economic Geography (PEEG) 1628, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Nov 2016.

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    More about this item

    Keywords

    Economic Crisis; Great Recession; Creative Class; Service Class; Working Class; Unemployment;
    All these keywords.

    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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