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The Heterogeneous Cyclicality Of Income And Wages Among The Distribution In The Uk, Maria Cervini, Antonia Lopez, José I. Silva
The Heterogeneous Cyclicality Of Income And Wages Among The Distribution In The Uk, Maria Cervini, Antonia Lopez, José I. Silva
José Ignacio Silva
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 income workers. In particular, we present evidence that the adjustment for low-paid workers takes place through transitions to and from unemployment.