On the Modeling of the Income Distribution Business Cycle Dynamics

Empirically, the income share is procyclical for the low-income groups and acyclical for the top 5%. We find that business cycle models should consider overlapping generations and elastic labor supply in order to replicate this finding.

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Year of publication:	2007
Authors:	Heer, Burkhard
Institutions:	CESifo
Subject:	income distribution \| business cycle \| overlapping generations

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 1945
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005181506