Batinti, Alberto; Costa-Font, Joan - 2017 - This version: September 7th, 2017
, and hence produce a "middle-class squeeze". However, there is limited empirical evidence testing the latter. This paper … aims at testing the "middle-class squeeze" hypothesis drawing from unique data from the Luxembourg Income Study (LIS) for … unemployment in a recession drawing upon a heterogeneous set of both income and middle-class definitions as well as an extensive …