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Title:On the modeling of the income distribution business cycle dynamics PDF Logo
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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