Another Look at Whether a Rising Tide Lifts All Boats

@article{HinesJr2001AnotherLA,
  title={Another Look at Whether a Rising Tide Lifts All Boats},
  author={James R. Hines Jr. and Hilary Williamson Hoynes and Alan B. Krueger},
  journal={Macroeconomics eJournal},
  year={2001}
}
Periods of rapid U.S. economic growth during the 1960s and 1970s coincided with improved living standards for many segments of the population, including the disadvantaged as well as the affluent, suggesting to some that a rising economic tide lifts all demographic boats. This paper investigates the impact of U.S. business cycle conditions on population well-being since the 1970s. Aggregate employment and hours worked in this period are strongly procyclical, particularly for low-skilled workers… 
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