| Title: |
Income Mobility of the Top One Percent. |
| Authors: |
Splinter, David; Larrimore, Jeff |
| Source: |
Working Papers: U.S. Federal Reserve Board's Finance & Economic Discussion Series. Mar2026, p1-31. 31p. |
| Subject Terms: |
*ECONOMIC mobility; *INCOME inequality; *WEALTH inequality; *INCOME distribution; PERCENTILES |
| Geographic Terms: |
UNITED States |
| Abstract: |
Circulation into and out of the top one percent is pronounced in the U.S. One third exit after a year and two-thirds exit after a decade. This mobility lowers top income shares when shifting from annual to multi-year income measures. Intragenerational mobility over two decades lowers recent top one percent fiscal income shares by over 10 percent. Two-decade mobility reduces top 0.1% shares by over 20 percent, top 0.01% shares by 30 percent, and top 0.001% shares by 40 percent. Effects of variability on wealth inequality are similar in magnitude, although more modest as a share of top wealth inequality. [ABSTRACT FROM AUTHOR] |
| : |
Copyright of Working Papers: U.S. Federal Reserve Board's Finance & Economic Discussion Series is the property of US Federal Reserve Board and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
| Database: |
Business Source Premier |