Inequality and Employment Resilience: An Analysis of Spanish Municipalities during the Great Recession

In this paper we study an association almost neglected in the literature, that between income inequality and resilience. In particular, we explore the response of employment rates in the face of the crisis of 2008 and how income inequality levels may have affected this response. To do so, we constru...

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Detalles Bibliográficos
Autores: Geelhoedt, Fabian, Royuela Mora, Vicente, Castells-Quintana, David
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2021
País:España
Institución:Universidad de Barcelona
Repositorio:Dipòsit Digital de la UB
OAI Identifier:oai:diposit.ub.edu:2445/185922
Acceso en línea:https://hdl.handle.net/2445/185922
Access Level:acceso abierto
Palabra clave:Crisi econòmica, 2008-2009
Administració local
Política d'ocupació
Espanya
Global Financial Crisis, 2008-2009
Local government
Manpower policy
Spain
Descripción
Sumario:In this paper we study an association almost neglected in the literature, that between income inequality and resilience. In particular, we explore the response of employment rates in the face of the crisis of 2008 and how income inequality levels may have affected this response. To do so, we construct two measures of employment resilience¿resistance and recoverability¿using data on total employment and self-employment for 995 Spanish municipalities during the Great Recession. Our results provide evidence of the threats that high levels of inequality pose for employment resilience, showing that average income is the most important mediating factor of this association.