Cover Image
Read Now

A note on the cyclical behaviour of the income distribution

Empirically, the income share is procyclical for the low-income groups and acyclical for the top 5%. To generate this kind of behaviour in a DGE business cycle model, we consider overlapping generations and elastic labour supply in addition to those elements considered by Castañeda et al. (1998). We...

Full description

Bibliographic Details
Main Author: Heer, Burkhard
Format: eBook
Language:English
Published: Paris OECD Publishing 2013
Subjects:
Economics
Online Access:
Collection: OECD Books and Papers - Collection details see MPG.ReNa
LEADER 01363nma a2200229 u 4500
001 EB001832547
003 EBX01000000000000000998993
005 00000000000000.0
007 cr|||||||||||||||||||||
008 180616 ||| eng
100 1 |a Heer, Burkhard 
245 0 0 |a A note on the cyclical behaviour of the income distribution  |h Elektronische Ressource  |c Burkhard, Heer 
260 |a Paris  |b OECD Publishing  |c 2013 
300 |a 7 p.  |c 21 x 28cm 
653 |a Economics 
041 0 7 |a eng  |2 ISO 639-2 
989 |b OECD  |a OECD Books and Papers 
024 8 |a /10.1787/jbcma-2013-5k483456blbr 
773 0 |t OECD Journal: Journal of Business Cycle Measurement and Analysis 
856 4 0 |a oecd-ilibrary.org  |u https://doi.org/10.1787/jbcma-2013-5k483456blbr  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a Empirically, the income share is procyclical for the low-income groups and acyclical for the top 5%. To generate this kind of behaviour in a DGE business cycle model, we consider overlapping generations and elastic labour supply in addition to those elements considered by Castañeda et al. (1998). We also analyse a model with rigid wages. However, these features do not help to constitute a major improvement vis-a-vis their model. JEL classification: C68, D31, E32 Keywords: Income distribution, business cycle, overlapping generations, unemployment, pensions 

Similar Items