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)