Income Mobility of Owners of Small Businesses when Boundaries between Occupations are Vague



Table 4. Percentage of owners of small firms for combinations of period t-1 and period t
quintiles. Yearly transitions, 1993-1994, 1997-1998, and 2002-2003 for two
definitions of business owners.

Transitions 1993-1994, owners of small businesses in both periods

Narrow def.: self-employed, owners of closely
held firms (87,666 obs)

Wide def.: self-employed, owners of closely held
and widely held firms (116,417 obs)

From

To quintile

From

To quintile

quintile

1

2

3

4

5

Total

quintile

1

2

3

4

5

Total

1

21.6

3.6

1.6

1.0

1.0

28.8

1

18.0

3.3

1.4

1.0

0.9

24.6

2

4.7

4.5

2.5

1.4

0.9

14.0

2

4.1

5.0

2.6

1.4

0.8

13.9

3

1.7

2.6

3.5

2.6

1.5

11.9

3

1.5

2.8

4.5

2.9

1.4

13.0

4

1.0

1.5

2.8

5.1

3.9

14.3

4

0.9

1.4

3.0

6.5

4.1

15.8

5

0.8

0.8

1.3

4.0

24.2

31.1

5

0.7

0.7

1.2

4.0

26.1

32.7

Total

29.8

13.0

11.6

14.2

31.4

100.0

Total

25.3

13.1

12.7

15.7 33.2

100.0

Transitions 1997-1998, owners of small businesses in both periods

Narrow def.: self-employed, owners of closely

Wide def.: self-employed, owners of closely held
and widely held firms (118,996 obs)

held firms (89,754 obs)

From

To quintile

From

To quintile

quintile

1

2

3

4

5

Total

quintile

1

2

3

4

5

Total

1

22.9

4.3

2.0

1.3

0.9

31.4

1

18.8

3.7

1.7

1.1

0.8

24.6

2

3.7

4.4

2.7

1.8

0.9

13.5

2

3.3

4.6

2.7

1.6

0.8

13.9

3

1.5

2.5

3.6

2.9

1.3

11.7

3

1.3

2.4

4.2

3.1

1.3

13.0

4

0.9

1.3

2.6

5.7

4.0

14.4

4

0.8

1.2

2.8

6.8

4.3

15.8

5

0.9

0.7

1.1

3.5

22.8

29.0

5

0.9

0.7

1.2

3.9

26.2

32.7

Total

29.9

13.1

12.0

15.1

29.9

100.0

Total

25.1

12.6

12.5

16.4

33.4

100.0

Transitions 2002-2003, owners of small businesses in both periods

Narrow def.: self-employed, owners of closely

Wide def.: self-employed, owners of closely held
and widely held firms (121,041 obs)

held firms (90,957 obs)

From

To quintile

From

To quintile

quintile

1

2

3

4

5

Total

quintile

1

2

3

4

5

Total

1

22.0

2.9

1.3

0.7

1.0

27.8

1

18.1

2.6

1.2

0.7

1.1

23.7

2

5.2

3.6

2.0

1.0

0.6

12.4

2

4.4

3.8

2.1

1.0

0.7

12.1

3

3.1

2.5

3.5

2.2

1.0

12.4

3

2.6

2.4

3.9

2.4

1.3

12.6

4

2.1

2.0

3.0

5.7

3.1

15.9

4

1.8

1.8

3.0

6.3

3.8

16.7

5

1.5

1.1

1.6

4.1

23.2

31.5

5

1.4

1.0

1.6

4.3

26.5

34.9

Total

33.8

12.1

11.5

13.7

28.9

100.0

Total

28.3

11.7

11.8

14.8

33.4

100.0

13



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