Location of Repository

On the Modeling of the Income Distribution Business Cycle Dynamics

By Burkhard Heer

Abstract

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

Preview


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