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Title: The Creative Class and the Crisis

Citation Type: Working Paper

Publication Year: 2012

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Abstract: The economic crisis resulted in sharp increases in U.S. unemployment rates for all three of the major socio-economic classes. Descriptive data analysis and results fromregression models using information from the 2007 and 2009 Current Population Surveys indicate that in both years members of the Creative Class had a lower probability ofbeing unemployed than individuals in the Service Class and the Working Class, which was hit particularly hard by the recession. Probit regression results also show that a largepresence of creative workers in a region lessened the impact of the recession on members of the Working Class.

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Authors: Gabe, Todd; Mellander, Charlotta; Florida, Richard

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Publication Number: REF. 2012-MPIWP-008

Institution: Martin Prosperity Institute

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Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure, Other

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