TY  - RPRT
        AU  - Bonhomme, Stephane
AU  - Hospido, Laura
        TI  - The Cycle of Earnings Inequality: Evidence from Spanish Social Security Data
        PY  - 2012/Jun/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 6669
        UR  - https://www.iza.org/index.php/publications/dp6669
        AB  - We use detailed information on labor earnings and employment from social security records to document the evolution of earnings inequality in Spain from 1988 to 2010. Male earnings inequality was strongly countercyclical: it increased around the 1993 recession, showed a substantial decrease during the 1997-2007 expansion, and then a sharp increase during the recent recession. This evolution was partly driven by the cyclicality of employment and earnings in the lower-middle part of the distribution. We emphasize the importance of the housing boom and subsequent housing bust, and show that demand shocks in the construction sector had large effects on aggregate labor market outcomes.
        KW  - business cycle
KW  - earnings inequality
KW  - social security data
KW  - unemployment
        ER  -