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The UK has experienced a dramatic increase in earnings and income inequality over the past four decades. We use … monetary policy shocks lead to a deterioration in earnings and income inequality and contribute to its fluctuation. Our …
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We use a UK employer-employee administrative earnings dataset to investigate the response of earnings and hours to business cycles. Exploiting our long panel of data from 1975 to 2020 we find wide heterogeneity in the exposure of different types of workers to aggregate shocks. Employees who are...
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