OECD Journal: Journal of Business Cycle Measurement and Analysis

Frequency
Semiannual
ISSN: 
1995-2899 (online)
ISSN: 
1995-2880 (print)
http://dx.doi.org/10.1787/19952899
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The Journal of Business Cycle Measurement and Analysis has been discontinued as of 24 June 2016. This journal was published jointly with CIRET from 2004 to 2015. For more information see www.ciret.org/jbcy.

Article
 

A note on the cyclical behaviour of the income distribution You do not have access to this content

English
 
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Author(s):
Burkhard Heer
19 July 2013
Pages:
7
Bibliographic information
No.:
2,
Volume:
2013,
Issue:
1
Pages:
1–7
http://dx.doi.org/10.1787/jbcma-2013-5k483456blbr

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Empirically, the income share is procyclical for the low-income groups and acyclical for the top 5%. To generate this kind of behaviour in a DGE business cycle model, we consider overlapping generations and elastic labour supply in addition to those elements considered by Castañeda et al. (1998). We also analyse a model with rigid wages. However, these features do not help to constitute a major improvement vis-a-vis their model.

JEL classification: C68, D31, E32
Keywords: Income distribution, business cycle, overlapping generations, unemployment, pensions

 
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