… using individual data for the UK over the 1991–… heterogeneity among different earnings
and income groups, we document that individuals at the top of the distribution are more cyclical …

… the relationship between higher moments of the distribution of … , we use labour income
which includes both wages and em… To examine potential heterogeneity of earnings risk in the …

… that the heterogeneity is chiefly driven by transitions between … I build a heterogeneous agent
business cycle model that can … cyclicality of new wages at the low end of the distribution is …

… in the UK, . We pay special attention to heterogeneity among different wage groups during
… is in terms of heterogeneity regarding cyclicality on the wage distribution. At this respect, our …

… the relationship between real wages and the business cycle … adjustment is heterogeneous
over the distribution of wages. … nominal wage decreases were much less frequent in the UK …

… profit inequality is as important as wage inequality in determining the … and the business
cycle. The paper first provides a … To compare otherwise heterogeneous studies, we calculate for …

… However, we find no cyclical relationship in the wage … wage changes along different levels
of the wage distribution. We … : our estimated relationship between the business cycle and task …

… between long-run trends and cyclical variation in earnings … , specifically among workers at
the top of the wage distribution. … income that includes wages and salaries as well as income …

… article: aggregation of heterogeneous workers and potential … between alternative theories
of the business cycle? Second, if … distribution of the points in this area depending on the joint …

… on the cyclicality of wages and we pay particular attention to … Once one admits that labor is
heterogeneous, labor … less for measuring wage cyclicality in the United Kingdom than it does …