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

Fabian Geelhoedt, Vicente Royuela and David Castells-Quintana ()

International Regional Science Review, 2021, vol. 44, issue 1, 113-141

Abstract: 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.

Keywords: resilience; income inequality; Great Recession; Spain; municipalities (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:inrsre:v:44:y:2021:i:1:p:113-141

DOI: 10.1177/0160017620957056

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