Cervini‐Plá, María - 2015
We investigate the cyclicality of real wages and income using individual data for the UK over the 1991-2008 period. By … top of the distribution are more cyclical than lower ones. Moreover, the estimated cyclicality is considerably higher in … recessions than in expansions for top-incomes. We also show that real wages and income are roughly a cyclical for low wage and …