Read on Twitter
This figure is striking.
It shows the relationship between where people think they are in the income distribution and where they actually are.
Observations below the line indicate that people think they are poorer than they really are (and the reverse above the line).
It shows the relationship between where people think they are in the income distribution and where they actually are.
Observations below the line indicate that people think they are poorer than they really are (and the reverse above the line).
Source: "Richer (& Holier) than Thou? The Effect of Relative Income Improvements on Demand for Redistribution"
Paper uses data from
.
Using a RCT, they also show that ppl who are told that they are richer than they thought demand less redistribution.
https://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00623?journalCode=rest
Paper uses data from
. Using a RCT, they also show that ppl who are told that they are richer than they thought demand less redistribution.
https://www.mitpressjournals.org/doi/abs/10.1162/REST_a_00623?journalCode=rest
See also same phenomena in Germany https://twitter.com/dietmarfehr/status/1353632153117089792
Rich people think they are middle class.
Check it out: You can see where you think you fall in the income distribution and where you actually fall with this interactive from the OECD.
https://www.compareyourincome.org/
https://www.compareyourincome.org/
