Table 7: One-Year Transition Matrices for Men and
Women, Earners, 1988-89 and 1991-92
Men
1988-89 (Peak) | ||||||
1988/1989 |
VL |
L |
LM |
HM |
H |
VH |
Very High |
0.29 |
0.43 |
1.28 |
2.59 |
11.64 |
83.77 |
High |
0.55 |
0.96 |
3.26 |
16.21 |
64.56 |
14.46 |
High Middle |
1.50 |
2.59 |
13.72 |
63.68 |
15.87 |
2.65 |
Low Middle |
4.91 |
11.53 |
56.65 |
22.00 |
3.74 |
1.16 |
Low |
16.54 |
39.59 |
33.82 |
7.74 |
1.62 |
0.69 |
Very Low |
40.25 |
30.61 |
22.47 |
5.08 |
1.11 |
0.49 |
1991-92 (Trough) | ||||||
1991/1992 |
VL |
L |
LM |
HM |
H |
VH |
Very High |
0.40 |
0.62 |
1.66 |
2.85 |
8.97 |
85.49 |
High |
0.85 |
1.35 |
4.12 |
13.25 |
65.32 |
15.12 |
High Middle |
2.14 |
3.45 |
14.23 |
62.12 |
15.94 |
2.13 |
Low Middle |
7.06 |
14.11 |
56.54 |
18.54 |
2.83 |
0.93 |
Low |
19.63 |
42.54 |
29.85 |
6.19 |
1.29 |
0.49 |
Very Low |
46.14 |
29.58 |
19.07 |
3.99 |
0.84 |
0.38 |
Women | ||||||
1988-89 (Peak) | ||||||
1988/1989 |
VL |
L |
LM |
HM |
H |
VH |
Very High |
0.39 |
0.49 |
1.68 |
4.44 |
14.17 |
78.83 |
High |
0.52 |
0.94 |
4.21 |
17.80 |
66.96 |
9.58 |
High Middle |
1.34 |
2.25 |
15.76 |
70.45 |
9.20 |
1.00 |
Low Middle |
4.64 |
11.04 |
68.38 |
14.62 |
1.09 |
0.23 |
Low |
17.73 |
48.57 |
29.99 |
3.19 |
0.41 |
0.11 |
Very Low |
52.21 |
31.19 |
14.74 |
1.53 |
0.27 |
0.07 |
1991-92 (Tro∙ugh) | ||||||
1991/1992 |
VL |
L |
LM |
HM |
H |
VH |
Very High |
0.34 |
0.54 |
1.69 |
3.55 |
10.00 |
83.89 |
High |
0.62 |
0.96 |
4.41 |
12.85 |
67.10 |
14.06 |
High Middle |
1.40 |
2.67 |
13.26 |
71.08 |
10.50 |
1.09 |
Low Middle |
5.60 |
12.18 |
65.61 |
14.96 |
1.35 |
0.30 |
Low |
20.18 |
49.78 |
26.23 |
3.32 |
0.37 |
0.11 |
Very Low |
55.68 |
29.38 |
12.98 |
1.66 |
0.22 |
0.09 |
470
Charles M. Beach and Ross Finnie
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