Table 1
All types of market incomes are increasingly concentrated at the top: Changes in top 1 percent income shares, by income category, and contribution of growing concentration to increasing top 1 percent share
| Total capital and business income | ||||||||
|---|---|---|---|---|---|---|---|---|
| Total | Labor compensation | Rents, interest, dividends | Business income | Capital gains | Total | Pensions | Transfers | |
| Top 1% share of each income type | ||||||||
| 1979 | 8.9% | 4.3% | 27.0% | 22.5% | 61.4% | 34.0% | 5.2% | 1.0% |
| 2007 | 18.7% | 9.3% | 44.4% | 52.5% | 77.3% | 60.0% | 7.4% | 1.0 |
| 2012 | 17.3% | 9.3% | 48.8% | 52.8% | 85.6% | 61.7% | 9.8% | 0.9% |
| Each income type’s share of overall income | ||||||||
| 1979 | 100.0% | 70.6% | 8.1% | 4.5% | 4.9% | 17.5% | 3.2% | 8.8% |
| 2007 | 100.0% | 61.0% | 6.9% | 6.2% | 9.0% | 22.1% | 6.3% | 10.6% |
| 2012 | 100.0% | 61.0% | 5.3% | 7.1% | 5.9% | 18.4% | 6.9% | 13.8% |
| Within contributions* | ||||||||
| 1979–2007 | 7.2 | 3.2 | 1.3 | 1.6 | 1.1 | 4.0 | 0.1 | 0.0 |
| 2007–2012 | 8.0 | 3.3 | 1.5 | 1.8 | 1.3 | 4.5 | 0.2 | 0.0 |
| Between contributions** | ||||||||
| 1979–2007 | 2.6 | -0.6 | -0.4 | 0.6 | 2.8 | 3.0 | 0.2 | 0.0 |
| 2007–2012 | 0.4 | -0.6 | -1.1 | 1.0 | 0.8 | 0.7 | 0.3 | 0.0 |
* Percentage-point contribution of growing concentration within each income category to increasing top 1% income share
** Percentage-point contribution of shift from less- to more-concentrated income categories to increasing top 1% income share
Source: Author's analysis of Congressional Budget Office (2016)
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