This figure shows the average savings rate along the income distribution for 1. individuals who underestimate their rank in the wealth distribution (top line), and those with accurate perceptions and overestimators

This figure shows misperceptions along the net wealth distribution (perceived decile in the wealth distribution minus actual rank). The graph reveals a strong tendency towards the middle (the wealthy tend to overestimate, and low-wealth individuals underestimate).

Here is the key graph, showing that along the income distribution, savings rates are higher among individuals who underestimate their wealth rank (the top line) versus those who have accurate perceptions or overestimate their relative affluence.

Today I am starting my postdoc at @stone-lis.bsky.social to work on #wealth #inequality and demographic #econ. This is an incredibly exciting new chapter. Pls do reach out if you are in NYC 🏙️

The data also reveals that most bequests go to one heir.

Excited to share the most recent version of my paper on household scale effects and wealth distribution #jmp #EconTwitter The latest version of the draft is available on my website: severin-rapp.github.io/assets/wealt...

A short thread: