The heterogeneous cyclicality of income and wages among the distribution

María Cervini-Plá, Antonia López-Villavicencio () and José Silva
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Antonia López-Villavicencio: Université de Lyon, Lyon, F-69007, France ; CNRS, GATE Lyon St Etienne,F-69130 Ecully, France
Authors registered in the RePEc Author Service: Antonia López Villavicencio

No 1506, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon

Abstract: We investigate the cyclicality of real wages and income using individual data for the UK over the 1991-2008 period. By paying special attention to the heterogeneity among different earnings and income groups, we document that individuals at the top of the distribution are more cyclical than lower ones. Moreover, the estimated cyclicality is considerably higher in recessions than in expansions for top-incomes. We also show that real wages and income are roughly acyclical for low wage and income workers. Instead, their adjustment to the cycle takes place through transitions to and from unemployment.

Keywords: Real wage; cyclicality; heterogeneity; income distribution (search for similar items in EconPapers)
JEL-codes: E24 E32 J31 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (1)

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Working Paper: The heterogeneous cyclicality of income and wages among the distribution (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:1506

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