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
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	Konjunkturtheorie \| Overlapping Generations \| Einkommensverteilung \| Theorie \| Welt \| income distribution \| business cycle \| overlapping generations

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Series:	CESifo Working Paper ; 1945
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	538084561 [GVK] hdl:10419/25990 [Handle]
Classification:	C68 - Computable General Equilibrium Models ; D31 - Personal Income, Wealth and Their Distributions ; E32 - Business Fluctuations; Cycles
Source:	EconStor

Persistent link: https://www.econbiz.de/10010264090