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

María Cervini-Plá, Antonia López-Villavicencio () and José Silva
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Antonia López-Villavicencio: UAB - Universitat Autònoma de Barcelona = Autonomous University of Barcelona = Universidad Autónoma de Barcelona

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Abstract: 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: heterogeneity; recessions; expansions; cyclicality; J31 real wage; E32; JEL Classification: E24; JEL Classification: E24 E32 J31 real wage cyclicality heterogeneity recessions expansions (search for similar items in EconPapers)
Date: 2018-04-25
Note: View the original document on HAL open archive server: https://hal.science/hal-05455888v1
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Published in The B.E. journal of economic analysis & policy, 2018, 18 (2), ⟨10.1515/bejeap-2017-0181⟩

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Related works:
Journal Article: 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)
Working Paper: The heterogeneous cyclicality of income and wages among the distribution in the UK (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05455888

DOI: 10.1515/bejeap-2017-0181

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