Before revision:  Outcomes from the model suggest that income shares of the bottom decile (~1\%) and bottom percentile (~0.03\%) are at historic lows  .
After revision:  Outcomes from the model suggest that income shares of the bottom decile (~1\%) and bottom percentile (~0.03\%) are at historic lows , but also that real incomes of the bottom decile (-2.5\%) and percentile (-6\%) have declined in the 2000s. We validate these findings using income distribution data and find support for our contention of persistent negative reallocation in the 2000s .