The Heterogeneous Cyclicality of Income and Wages Among the Distribution in the UK

María Cervini-Plá, López-Villavicencio Antonia () and José Silva
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López-Villavicencio Antonia: GATE and University Lumière Lyon 2, Lyon, France
Authors registered in the RePEc Author Service: Antonia López Villavicencio

The B.E. Journal of Economic Analysis & Policy, 2018, vol. 18, issue 2, 13

Abstract: We investigate the cyclicality of real hourly wages and income using individual data for the UK over the 1991–2013 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. We also show that real wages and income are roughly acyclical for low-wage and low-income workers. In particular, we present evidence that the adjustment for low-paid workers takes place through transitions to and from unemployment.

Keywords: real wage; cyclicality; income distribution (search for similar items in EconPapers)
JEL-codes: E24 E32 J31 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (4)

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Related works:
Working Paper: The heterogeneous cyclicality of income and wages among the distribution in the UK (2018)
Working Paper: The heterogeneous cyclicality of income and wages among the distribution in the UK (2018)
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DOI: 10.1515/bejeap-2017-0181

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