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来源类型Working Paper
规范类型报告
DOI10.3386/w10469
来源IDWorking Paper 10469
Earnings Inequality and the Business Cycle
Gadi Barlevy; Daniel Tsiddon
发表日期2004-05-10
出版年2004
语种英语
摘要Economists have long viewed recessions as contributing to increasing inequality. However, this conclusion is largely based on data from a period in which inequality was increasing over time. This paper examines the connection between long-run trends and cyclical variation in earnings inequality. We develop a model in which cyclical and trend inequality are related, and find that in our model, recessions tend to amplify long-run trends, i.e. they involve more rapidly increasing inequality more when long-run inequality is increasing, and more rapidly decreasing inequality when long-run inequality is decreasing. In support of this prediction, we present evidence that during the first half of the 20th Century when earnings inequality was generally declining, earnings disparities indeed appeared to fall more rapidly in downturns, at least among workers at the top of the earnings distribution.
主题Macroeconomics ; Business Cycles
URLhttps://www.nber.org/papers/w10469
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/568098
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GB/T 7714
Gadi Barlevy,Daniel Tsiddon. Earnings Inequality and the Business Cycle. 2004.
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