Chart 6. Binned scatter of residualized log HHI and residualized log annual average wage, 2002–23
Series Residualized log average annual pay Residualized log annual average employment HHI

Quantile 1

-0.6795 0.0161

Quantile 2

-0.4120 0.0113

Quantile 3

-0.3081 0.0099

Quantile 4

-0.2365 0.0063

Quantile 5

-0.1806 0.0054

Quantile 6

-0.1343 0.0039

Quantile 7

-0.0942 0.0046

Quantile 8

-0.0583 0.0040

Quantile 9

-0.0263 0.0016

Quantile 10

-0.0052 0.0053

Quantile 11

0.0113 0.0005

Quantile 12

0.0347 -0.0003

Quantile 13

0.0616 0.0004

Quantile 14

0.0930 -0.0012

Quantile 15

0.1293 -0.0056

Quantile 16

0.1724 -0.0066

Quantile 17

0.2254 -0.0080

Quantile 18

0.2957 -0.0105

Quantile 19

0.4036 -0.0150

Quantile 20

0.7079 -0.0219

Note: Total sample size equals 2,007,284. Year and market fixed effects are residualized.