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On the Modeling of the Income Distribution Business Cycle Dynamics Author info | Abstract | Publisher info | Download info | Related research | Statistics Burkhard Heer ()
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Empirically, the income share is procyclical for the low-income groups and acyclical for the top 5%. We find that business cycle models should consider overlapping generations and elastic labor supply in order to replicate this finding.
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Paper provided by CESifo Group Munich in its series CESifo Working Paper Series with number
CESifo Working Paper No. 1945.
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Date of creation: 2007Date of revision:
Handle: RePEc:ces:ceswps:_1945Contact details of provider: Postal: Poschingerstrasse 5, 81679 Munich Phone: +49 (89) 9224-0 Fax: +49 (89) 985369 Web page: http://www.cesifo.de
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Keywords: income distribution ; business cycle ; overlapping generations ; Find related papers by JEL classification: C68 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computable General Equilibrium Models D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
Castaneda, Ana & Diaz-Gimenez, Javier & Rios-Rull, Jose-Victor, 1998.
"Exploring the income distribution business cycle dynamics ,"
Journal of Monetary Economics ,
Elsevier, vol. 42(1), pages 93-130, June.
[Downloadable!] (restricted)
Kjetil Storesletten & Chris Telmer & Amir Yaron, 1996.
"Asset Pricing with Idiosyncratic Risk and Overlapping Generations ,"
Economics Working Papers
405, Department of Economics and Business, Universitat Pompeu Fabra, revised Jul 1999.
[Downloadable!]
Other versions:
Storesletten, Kjetil & Telmer, Chris & Yaron, Amir, 2001.
"Asset Pricing with Idiosyncratic Risk and Overlapping Generations ,"
CEPR Discussion Papers
3065, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Storesletten, Kjetil & Telmer, Chris & Yaron, Amir, 2002.
"Asset pricing with idiosyncratic risk and overlapping generations ,"
Seminar Papers
703, Stockholm University, Institute for International Economic Studies.
[Downloadable!] Kjetil Storesletten & Chris Telmer & Amir Yaron, .
"Asset pricing with idiosyncratic risk and overlapping generations ,"
GSIA Working Papers
226, Carnegie Mellon University, Tepper School of Business.
[Downloadable!] Kjetil Storesletten & Chris Telmer & Amir Yaron, 2007.
"Asset Pricing with Idiosyncratic Risk and Overlapping Generations ,"
Review of Economic Dynamics ,
Elsevier for the Society for Economic Dynamics, vol. 10(4), pages 519-548, October.
[Downloadable!] (restricted) Alexander Ludwig & Dirk Krüger, 2006.
"On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare ,"
MEA discussion paper series
06103, Mannheim Research Institute for the Economics of Aging (MEA), University of Mannheim.
[Downloadable!]
Other versions:
Alexander Ludwig & Dirk Krüger, 2006.
"On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare ,"
MEA discussion paper series
06103, Mannheim Research Institute for the Economics of Aging (MEA), University of Mannheim.
[Downloadable!] Dirk Krueger & Alexander Ludwig, 2006.
"On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare ,"
CFS Working Paper Series
2006/18, Center for Financial Studies.
[Downloadable!] Dirk Krueger & Alexander Ludwig, 2006.
"On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare ,"
NBER Working Papers
12453, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Krüger, Dirk & Ludwig, Alexander, 2006.
"On the Consequences of Demographic Change for Rates of Return to Capital, and the Distribution of Wealth and Welfare ,"
CEPR Discussion Papers
5834, C.E.P.R. Discussion Papers.
[Downloadable!] (restricted) Ludwig, Alexander & Krüger, Dirk, 2006.
"On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare ,"
Sonderforschungsbereich 504 Publications
07-11, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.
[Downloadable!] Krueger, Dirk & Ludwig, Alexander, 2007.
"On the consequences of demographic change for rates of returns to capital, and the distribution of wealth and welfare ,"
Journal of Monetary Economics ,
Elsevier, vol. 54(1), pages 49-87, January.
[Downloadable!] (restricted) Santiago Budria Rodriguez & Javier Diaz-Gimenez & Vincenzo Quadrini & Jose-Victor Rior-Rull, 2002.
"Updated facts on the U.S. distributions of earnings, income, and wealth ,"
Quarterly Review ,
Federal Reserve Bank of Minneapolis, issue Sum, pages 2-35.
[Downloadable!]
Burkhard Heer, 2004.
"Overlapping Generations Models (GAUSS) ,"
QM&RBC Codes
138, Quantitative Macroeconomics & Real Business Cycles.
[Downloadable!]
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