The Creative Class, Bohemians and Local Labor Market Performance - A Micro-Data Panel Study for Germany 1975-2004
Government of the Federal Republic of Germany - Institute for Employment Research (IAB); University of Regensburg; Institute for the Study of Labor (IZA)
affiliation not provided to SSRN
ZEW - Centre for European Economic Research Discussion Paper No. 08-135
The paper aims at testing Florida's concept of the Creative Class using panel data for 323 West German regions for the time period 1975-2004. Applying a dynamic system approach based on GMM, we find that the local concentration of the Creative Class has predictive power for the economic development of a region and tends to outperform traditional indicators of human capital. However, our results do not support Florida's assertion that the creative workers flock where the Bohemians are. According to our findings, the Creative Class is attracted by favorable economic conditions as indicated by employment growth or an increasing wage bill.
Keywords: Culture, Regional Development, Bohemians, Creative Class, Dynamic Panel Methods
JEL Classification: Z10, C23, R1, O1, O3working papers series
Date posted: May 16, 2009
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