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Income Business Cycles
Dany-Knedlik, Geraldine; Kriwoluzky, Alexander; Pasch, … - 2021
Using a wide variety of business cycle dating and filtering techniques, this paper documents the cyclical behavior of the post-tax income distribution in the US. First, all incomes are cyclical and co-move with the business cycle. Second, lower and higher income individuals experience...
Persistent link: https://www.econbiz.de/10013215733
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Income business cycles
Dany-Knedlik, Geraldine; Kriwoluzky, Alexander; Pasch, … - 2021
Using a wide variety of business cycle dating and filtering techniques, this paper documents the cyclical behavior of the post-tax income distribution in the US. First, all incomes are cyclical and co-move with the business cycle. Second, lower and higher income individuals experience...
Persistent link: https://www.econbiz.de/10012607409
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Income inequality in Germany temporarily sinks during crises
Dany-Knedlik, Geraldine; Kriwoluzky, Alexander - In: DIW Weekly Report 11 (2021) 46, pp. 349-355
This study is the first to investigate the interdependence of income inequality and business cycles in Germany over the … targeted structural redistributive and stabilization measures. The results of this study show that income inequality in Germany …
Persistent link: https://www.econbiz.de/10012745530
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Einkommensungleichheit in Deutschland sinkt in Krisenzeiten temporär
Dany-Knedlik, Geraldine; Kriwoluzky, Alexander - In: DIW Wochenbericht 88 (2021) 46, pp. 755-761
Erstmals untersucht die vorliegende Studie, wie sich die Einkommensungleichheit in Deutschland mit den Konjunkturzyklen … Wirtschaftspolitik sind. Es zeigt sich, dass die Einkommensungleichheit in Deutschland mit dem Konjunkturzyklus schwankt und zwar …
Persistent link: https://www.econbiz.de/10012745536
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Einkommensungleichheit in Deutschland sinkt in Krisenzeiten temporär
Dany-Knedlik, Geraldine; Kriwoluzky, Alexander - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 88 (2021) 46, pp. 755-761
Erstmals untersucht die vorliegende Studie, wie sich die Einkommensungleichheit in Deutschland mit den Konjunkturzyklen … Wirtschaftspolitik sind. Es zeigt sich, dass die Einkommensungleichheit in Deutschland mit dem Konjunkturzyklus schwankt und zwar …
Persistent link: https://www.econbiz.de/10012667291
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Shocks, frictions, and inequality in US business cycles
Bayer, Christian; Born, Benjamin; Luetticke, Ralph - 2020
How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...
Persistent link: https://www.econbiz.de/10012162730
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20 years of German unification : evidence on income convergence and heterogeneity
Brück, Tilman; Peters, Heiko - 2009
We analyse the convergence and heterogeneity of living standards between East and West Germany since unification. Based …, including retirees and the unemployed, of East and West Germany over the fifteen years for which data are available. Using a … highest negative income gap. This probably reflects out-migration from East Germany by the young and highly skilled. On the …
Persistent link: https://www.econbiz.de/10009751406
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On the Modeling of the Income Distribution Business Cycle Dynamics
Heer, Burkhard - 2007
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
Persistent link: https://www.econbiz.de/10012777297
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Income Inequality and Macroeconomic Fluctuations
Iyigun, Murat; Owen, Ann L. - 1998
When per capita income is low, increases in income inequality make macroeconomic cycles less severe. We present a model in which access to credit is based on earnings potential. If low as well as middle income individuals are credit constrained, increases in income inequality lead to smaller...
Persistent link: https://www.econbiz.de/10014221423
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German economy currently scarcely making headway
Bönke, Timm; Dany-Knedlik, Geraldine; Baldi, Guido; … - In: DIW weekly report : economy, politics, science : a … 13 (2023) 36/37, pp. 245-253
economy in China is struggling in particular, and German products are less in demand—apparently because Germany is relying … already been agreed upon and those still outstanding, people in Germany will likely have noticeably more money in their …
Persistent link: https://www.econbiz.de/10014362798