Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25990
Authors: 
Heer, Burkhard
Year of Publication: 
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

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