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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/25990
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| Title: | | On the modeling of the income distribution business cycle dynamics  |
| Authors: | | Heer, Burkhard |
| Issue Date: | | 2007 |
| Series/Report no.: | | CESifo working paper 1945 |
| 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. |
| Subjects: | | income distribution business cycle overlapping generations |
| JEL: | | C68 D31 E32 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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