Skip to main content
Article thumbnail
Location of Repository

On the Modeling of the Income Distribution Business Cycle Dynamics

By Burkhard Heer


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.income distribution, business cycle, overlapping generations

OAI identifier:

Suggested articles

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.