Table 2.6
Share of average income growth accounted for by the bottom 95 percent, top 5 percent, and top 1 percent, by dataset and income concept, 1979–2007
Bottom 95 percent | Top 5 percent | Top 1 percent | |
---|---|---|---|
Top-coded | |||
Burkhauser et al.; CPS household money income, adjusted | 73.4% | 26.6% | — |
CPS household money income | 63.0 | 37.0 | — |
Not top-coded | |||
CBO, household comprehensive income | 46.1 | 53.9 | 38.3% |
Piketty and Saez, cash market income | 19.1 | 80.9 | 59.8 |
CBO, household comprehensive income adjusted to match Burkhauser et al.* | 48.1 | 51.9 | — |
* Capital gains are excluded, post–tax-and-transfer growth is shown, and in-kind benefits such as health care are allowed to boost bottom-fifth incomes to the same degree as allowed by Burkhauser, Larrimore, and Simon (2011).
Source: Burkhauser, Larrimore, and Simon (2011, Table 4), Current Population Survey Annual Social and Economic Supplement Historical Income Tables (Table H-3), Congressional Budget Office (2010a), authors' analysis of Piketty and Saez (2012, Table A-6)
Previous chart: « Estimated effects of proposed federal minimum-wage increase, fully phased-in, by state
Next chart: Home prices and their impact on residential investment and housing wealth, 1995–2011 »