Overhead Appendix 1: Table 5
Table 5
Changes Among Income Rankings
Income Quintile in 1975 |
Percentage in each quintile in 1991 |
||||
|
1st |
2nd |
3rd |
4th |
5th |
5th (highest) |
0.9 |
2.8 |
10.2 |
23.6 |
62.5 |
4th |
1.9 |
9.3 |
18.8 |
32.6 |
37.4 |
3rd (middle) |
3.3 |
19.3 |
28.3 |
30.1 |
19.0 |
2nd |
4.2 |
23.5 |
20.3 |
25.2 |
26.8 |
1st (lowest) |
5.1 |
14.6 |
21.0 |
30.3 |
29.0 |
W. Michael Cox and Richard Alm, “By Our Own Bootstraps: Economic Opportunity and the Dynamics of Income Distribution.” Federal Reserve Bank of Dallas, 1995.