| Year | Predicted, with no break | Actual, before break | Actual, after break |
|---|---|---|---|
|
1988 |
16.8 | 17.1 | — |
|
1989 |
16.6 | 17.8 | — |
|
1990 |
16.3 | 17.5 | — |
|
1991 |
16.1 | 15.6 | — |
|
1992 |
15.8 | 14.1 | — |
|
1993 |
15.6 | 15.1 | — |
|
1994 |
15.3 | 16.1 | — |
|
1995 |
15.1 | 14.5 | — |
|
1996 |
14.8 | 13.5 | — |
|
1997 |
14.6 | 14.1 | — |
|
1999 |
14.1 | 14.6 | — |
|
2001 |
13.6 | 14.7 | — |
|
2003 |
13.1 | — | 17.9 |
|
2005 |
12.6 | — | 19.0 |
|
2007 |
12.2 | — | 20.0 |
|
2009 |
11.7 | — | 17.1 |
|
2011 |
11.2 | — | 15.8 |
|
2013 |
10.7 | — | 17.3 |
|
Source: Author's calculations using data from the Panel Study of Income Dynamics. |
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