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The Effects Of Macroeconomic Fluctuations On The Distribution Of Income

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  • Thad W. Mirer

Abstract

This study develops a microanalytic simulation model to examine the effects of macroeconomic fluctuations on the distribution on the distribution of income. A representational sample of the population of the United States is linked with equations determining the variability of various types of factor income. Each family's income experience is simulated under alternative aggregate conditions, and the income distributions arising under these conditions are compared. The main results are similar for alternative specifications of the model. The incidence of a downturn in economic activity, whether accompanied by changes in the rate of inflation or not, and measured in terms of the loss of factor income, leaves the upper middle class relatively better off than before and leaves most others relatively worse off. The very rich bear the heaviest burden.

Suggested Citation

  • Thad W. Mirer, 1973. "The Effects Of Macroeconomic Fluctuations On The Distribution Of Income," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 19(4), pages 385-405, December.
    • Handle: RePEc:bla:revinw:v:19:y:1973:i:4:p:385-405
    DOI: 10.1111/j.1475-4991.1973.tb00898.x
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    Cited by:

    1. W. Rayack, 1988. "The Impact of Recessions on Two-Parent Families: An Analysis of Earnings-Sensitivity by Family Income Class," Public Finance Review, , vol. 16(1), pages 101-128, January.
    2. Lawrence E. Raffalovich, 1988. "On Analyzing Earnings Inequality in Segmented Labor Markets," Sociological Methods & Research, , vol. 16(3), pages 339-378, February.
    3. Oguzhan C. Dincer & Burak Gunalp, 2012. "Corruption And Income Inequality In The United States," Contemporary Economic Policy, Western Economic Association International, vol. 30(2), pages 283-292, April.
    4. Luis Ayala & Olga Cantó & Juan G. Rodríguez, 2017. "Poverty and the business cycle: A regional panel data analysis for Spain using alternative measures of unemployment," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 15(1), pages 47-73, March.

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