**Table 2.** Income growth and inequality by percentiles in the U.S.: estimated results using robust pooled-OLS.

||**All sa**|**mple**|**Perce**|**ntile 05**|**Perce**|**ntile 10**|**Perce**|**ntile 25**|**Perce**|**ntile 50**|**Perce**|**ntile 75**|**Perce**|**ntile 90**|**Perce**|**ntile 95**|**Perce**|**ntile 99**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Ineq., lag**|-0.0215|-0.00508|-0.0760*|0.0410|-0.0855**|-0.0176|-0.0456*|-0.0201|-0.0156|-0.0127|0.00867|-0.00666|0.0164|-0.0109|0.0264**|-0.00550|0.0399***|-0.00939|
||(-1.17)|(-0.22)|(-1.62)|(0.82)|(-2.19)|(-0.41)|(-1.90)|(-0.72)|(-0.98)|(-0.60)|(0.74)|(-0.39)|(1.58)|(-0.69)|(2.54)|(-0.36)|(3.20)|(-0.42)|
|**IO, lag**||-0.0534||-0.431***||-0.257***||-0.0898*||-0.00958||0.0493||0.0914**||0.110**||0.174***|
|||(-1.10)||(-4.48)||(-3.33)||(-1.63)||(-0.20)||(1.18)||(2.11)||(2.59)||(2.81)|
|**ln(y), lag**|-0.0512***|-0.0508***|-0.0495***|-0.0511***|-0.0543***|-0.0558**|* -0.0507**|* -0.0510**|* -0.0519***|-0.0518***|-0.0455***|-0.0466**|* -0.0402***|-0.0424**|* -0.0325***|-0.0348**|* -0.0353***|-0.0382*|
||(-9.43)|(-9.30)|(-8.03)|(-8.68)|(-9.22)|(-9.66)|(-9.46)|(-9.49)|(-9.55)|(-9.45)|(-8.92)|(-8.77)|(-9.01)|(-9.10)|(-7.41)|(-7.78)|(-6.35)|(-6.97)|
|**Edu_ms, lag**|0.0899***|0.0893***|0.0554*|0.0611**|0.0698***|0.0746***|0.0788***|0.0798***|0.0934***|0.0932***|0.0904***|0.0926***|0.0883***|0.0927***|0.0760***|0.0811***|0.0787***|0.0841***|
||(4.93)|(4.86)|(1.85)|(2.20)|(2.72)|(2.99)|(4.03)|(4.08)|(5.41)|(5.35)|(5.47)|(5.46)|(5.55)|(5.72)|(4.75)|(5.06)|(3.61)|(4.04)|
|**Olf-female, lag**|-0.0355***|-0.0415***|-0.0654**|-0.112***|-0.0630***|-0.0903**|* -0.0468**|* -0.0565**|* -0.0365***|-0.0376***|-0.0253**|-0.0194|-0.0189*|-0.00774|-0.0215**|-0.00811|-0.0171|0.00347|
||(-3.10)|(-2.97)|(-2.57)|(-4.04)|(-3.32)|(-4.18)|(-3.48)|(-3.49)|(-3.44)|(-2.85)|(-2.59)|(-1.62)|(-1.81)|(-0.63)|(-2.12)|(-0.69)|(-1.06)|(0.19)|
|**Aged 0-15, lag**|-0.170***|-0.161***|-0.121*|-0.0699|-0.163***|-0.136**|-0.143***|-0.132***|-0.175***|-0.174***|-0.162***|-0.174***|-0.161***|-0.183***|-0.142***|-0.168***|-0.144***|-0.182***|
||(-3.70)|(-3.43)|(-1.71)|(-1.07)|(-2.65)|(-2.31)|(-2.81)|(-2.62)|(-3.87)|(-3.71)|(-4.15)|(-4.07)|(-4.87)|(-5.03)|(-4.65)|(-4.97)|(-3.91)|(-4.40)|
|**Age 65+, lag**|-0.0946***|-0.100***|-0.0181|-0.0780|-0.0604|-0.0981*|-0.0696*|-0.0822**|-0.103***|-0.104***|-0.102***|-0.1000**|* -0.104***|-0.100***|-0.0889***|-0.0832**|* -0.0633|-0.0499|
||(-2.72)|(-2.86)|(-0.30)|(-1.22)|(-1.25)|(-1.94)|(-1.86)|(-2.17)|(-3.04)|(-3.06)|(-3.29)|(-3.26)|(-3.63)|(-3.58)|(-2.77)|(-2.66)|(-1.65)|(-1.32)|
|**Num.Obs**|240|240|240|240|240|240|240|240|240|240|240|240|240|240|240|240|240|240|
|**R2**|0.783|0.783|0.714|0.732|0.764|0.772|0.796|0.797|0.770|0.769|0.736|0.737|0.749|0.753|0.809|0.813|0.884|0.889|

Note. Robust _t_ -statistics in parentheses. Balanced panel with 48 U.S. States, between 1960 and 2010 (every 10 years). The dependent variable is the annual growth rate of per capita income for each decade. Explanatory variables are all lagged one period (10 years). A constant term and time and regional dummies are also included in all models (estimations not shown in the table).