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COVID-19, the New Urban Crisis, and Cities: How COVID-19 Compounds the Influence of Economic Segregation and Inequality on Metropolitan Economic Performance.

Authors :
Florida, Richard
Gabe, Todd
Source :
Economic Development Quarterly; Nov2023, Vol. 37 Issue 4, p328-348, 21p
Publication Year :
2023

Abstract

This paper examines the connection between measures of a U.S. metropolitan area's new urban crisis (i.e., unaffordable housing, economic inequality, and residential segregation) and its year-over-year employment change in the period immediately before and during the COVID-19 pandemic. Results show that measures of the new urban crisis did not generally have a statistically significant association with year-over-year employment change between January and September of 2020, which captures the period before COVID-19 and the beginning of the pandemic (e.g., shutdown). The severity of a region's economic segregation and inequality, however, are associated with higher rates of employment decline in the early recovery months of October to December of 2020. These findings suggest that places that rate worse for indicators of the new urban crisis were less able to recover from the negative economic shocks related to COVID-19. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
08912424
Volume :
37
Issue :
4
Database :
Complementary Index
Journal :
Economic Development Quarterly
Publication Type :
Academic Journal
Accession number :
173048773
Full Text :
https://doi.org/10.1177/08912424231155969