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

Upward mobility:

_________non-rich at time t-1__________

Stay rich: rich at time t-1

Quintile
specification
(quintiles 1-4)

Decile
specification
(deciles 1-9)

Quintile
specification
(quintile 5)

Decile
specification
(decile 10)

Move into high end

0.049 (0.216)

0.026 (0.160)

-

-

Stay at high end

-

-

0.804 (0.397)

0.764 (0.425)

Ownership small
business, narrow def.

0.104 (0.305)

0.107 (0.309)

0.177 (0.382)

0.226 (0.418)

Ownership small
business, wide def.

0.119 (0.324)

0.124 (0.329)

0.222 (0.415)

0.284 (0.451)

Age

40.4 (6.8)

40.5 (6.7)

41.2 (6.0)

41.8 (5.8)

Male

0.51 (0.50)

0.54 (0.50)

0.79 (0.41)

0.84 (0.36)

Married

0.60 (0.49)

0.60 (0.49)

0.66 (0.47)

0.71 (0.46)

Dummy for children

0.72 (0.45)

0.73 (0.44)

0.80 (0.40)

0.81 (0.39)

Urban areas

0.32 (0.47)

0.33 (0.47)

0.46 (0.50)

0.50 (0.50)

Not born W-Europe,
N-Amer., Oceania

0.02 (0.14)

0.02 (0.14)

0.01 (0.12)

0.01 (0.12)

Length of education

Fields of education:

11.5 (2.2)

11.7 (2.3)

13.0 (2.7)

13.3 (2.8)

General programs

0.12 (0.32)

0.12 (0.32)

0.08 (0.27)

0.08 (0.27)

Humanities and arts

0.14 (0.35)

0.14 (0.34)

0.10 (0.30)

0.09 (0.29)

Teacher training and
pedagogy

0.05 (0.22)

0.05 (0.22)

0.03 (0.18)

0.03 (0.16)

Social sciences and
law

0.04 (0.20)

0.04 (0.21)

0.04 (0.20)

0.04 (0.19)

Business and
administration

0.18 (0.38)

0.18 (0.38)

0.20 (0.40)

0.22 (0.42)

Natural sciences

0.26 (0.44)

0.27 (0.45)

0.37 (0.48)

0.36 (0.48)

Health, welfare and
sports

0.08 (0.28)

0.08 (0.27)

0.06 (0.23)

0.07 (0.25)

Primary industries

0.05 (0.23)

0.05 (0.22)

0.05 (0.21)

0.05 (0.22)

Transport and
communication

0.03 (0.18)

0.03 (0.18)

0.04 (0.20)

0.04 (0.20)

Unspecified

0.04 (0.19)

0.04 (0.19)

0.02 (0.16)

0.02 (0.14)

Number of
observations

7,180,154

8,077,658

1,795,006

897,502