Clemens, Marius; Eydam, Ulrich; Heinemann, Maik - 2020
This paper examines the dynamics of wealth and income inequality along the business cycle and assesses how they are … incorporate distributive shocks, modeled as exogenous changes in the capital share, into a real business cycle model, where agents … and the personal income and wealth distribution over the business cycle. We find that whether wealth and income inequality …