TY - JOUR
T1 - The Heterogeneous Cyclicality of Income and Wages among the Distribution in the UK
AU - Cervini-Plá, Mariá
AU - López-Villavicencio, Antonia
AU - Silva, José I.
N1 - María Cervini-Plá and José I. Silva are grateful to Generalitat de Catalunya -2017SGR-558, Ministerio de Economía, Industria y Competitividad -ECO2017-82350-R and Generalitat Valenciana (Jose I. Silva) -AICO/2016/38.
PY - 2018/4/4
Y1 - 2018/4/4
N2 - 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.
AB - 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.
KW - Cyclicality
KW - Income distribution
KW - Real wage
UR - http://www.scopus.com/inward/record.url?scp=85045836386&partnerID=8YFLogxK
U2 - 10.1515/bejeap-2017-0181
DO - 10.1515/bejeap-2017-0181
M3 - Article
AN - SCOPUS:85045836386
SN - 1538-0653
VL - 18
JO - B.E. Journal of Economic Analysis and Policy
JF - B.E. Journal of Economic Analysis and Policy
IS - 2
M1 - 20170181
ER -
