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: GATE Lyon Saint-Étienne - Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique
Authors registered in the RePEc Author Service: Antonia López Villavicencio

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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)
Date: 2015-03-20
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01133823v1
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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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