KTH/CESIS Working Paper Series in Economics and Institutions of Innovation
THE CREATIVE CLASS AND THE CRISIS
(), Richard Florida
() and Charlotta Mellander
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.
Keywords: Economic Crisis; Great Recession; Creative Class; Service Class; Working Class; Unemployment; (follow links to similar papers)
JEL-Codes: J24; J60; R00; (follow links to similar papers)
44 pages, April 12, 2012
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