Table 1

Role of executives and financial sector in income growth of top 1.0% and top 0.1%, 1979–2005

Share of total income* Change Share of change
1979 1993 1999 2001 2005 1979–2005 1979–2005
A. Occupation of primary taxpayer
Top 1.0% 9.7 14.0 19.3 17.5 21.0 11.2 100%
Executives, managers, and supervisors (non-finance) 3.8 5.6 7.8 6.5 7.9 4.0 36%
Finance workers, including executives 0.9 1.8 3.1 3.0 3.4 2.5 23%
Total, executives and finance workers 4.8 7.4 10.9 9.4 11.3 6.5 58%
Top 0.1% 3.3 5.5 9.3 7.9 10.3 7.0 100%
Executives, managers, and supervisors (non-finance) 1.6 2.8 4.5 3.5 4.7 3.1 44%
Finance, including executives 0.4 0.9 1.8 1.7 2.1 1.6 23%
Total, executives and finance 2.0 3.7 6.3 5.2 6.7 4.7 67%
1979 1993 1999 2001 2005 1979–2005
B. Share of households with working spouses employed as executives or in finance   
Top 1.0% 10.0 14.2 16.1 15.9 15.7 5.7 n/a
Top 0.1% 11.6 15.3 16.0 15.0 15.5 3.9 n/a

* Household income including capital gains

Source: Authors' analysis of Bakija, Cole, and Heim (2012, Tables 4, 5, 6a, and 7a)

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