Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/243193 
Erscheinungsjahr: 
2021
Schriftenreihe/Nr.: 
DIW Discussion Papers No. 1964
Verlag: 
Deutsches Institut für Wirtschaftsforschung (DIW), Berlin
Zusammenfassung: 
Using a wide variety of business cycle dating and filtering techniques, this paper documents the cyclical behavior of the post-tax income distribution in the US. First, all incomes are cyclical and co-move with the business cycle. Second, lower and higher income individuals experience significantly larger fluctuations across the business cycle than middle-income individuals. Third, these fluctuations have become smaller over the course of the Great Moderation for the bottom and the very top income individuals. With the financial crisis starting in 2009 and its repercussions, the volatilities are again increasing; however, not significantly. These findings are independent from the method to extract the business cycle component.
Schlagwörter: 
cyclicity of the income distribution
business cycle
JEL: 
E01
E32
D31
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.68 MB





Publikationen in EconStor sind urheberrechtlich geschützt.