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Title: Resilience from the micro perspective

Citation Type: Journal Article

Publication Year: 2015

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Abstract: Perhaps uniquely, we combine individual-level data from the American Community Survey 20052011 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 counter-factual 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.

Url: http://cjres.oxfordjournals.org/content/early/2015/03/26/cjres.rsv004.full.pdf+html

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Authors: Doran, Justin; Fingleton, Bernard

Periodical (Full): Cambridge Journal of Regions, Economy and Society

Issue: 2

Volume: 8

Pages: 205-223

Data Collections: IPUMS USA

Topics: Other

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