Wage Dispersion over the Business Cycle

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Abstrakt

In this paper, I provide robust evidence that fluctuations in wage dispersion are independent of the business cycle, while residual wage dispersion, i.e. dispersion of wages within narrowly defined demographic and skill groups of workers, increases during booms and lessens during recessions. Moreover, I show that the procyclical fluctuations in residual wage dispersion are mainly generated by cyclical changes in the upper half of the residual wage distribution.
OriginalsprogEngelsk
TidsskriftEconomics Letters
Vol/bind181
Sider (fra-til)17-21
Antal sider5
ISSN0165-1765
DOI
StatusUdgivet - aug. 2019

Emneord

  • Wage dispersion
  • Business cycles

Citationsformater