Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
How household incomes respond to GDP and stock price growth is important for an understanding of the economic costs of business cycles and the driving forces of income inequality over time. This article examines to what extent household incomes react differently across income distribution quantiles and time. It employs U.S. Panel Study of Income Dynamics data for the period 1979-2000 and quantile regression techniques. Significant differences are found in how household incomes respond across income quantiles. For the same income quantiles, large differences are identified when the time period 1979-1987 is compared to 1988-2000.