The dynamics of household income and wealth: results from the panel of the Spanish Survey of Household Finances (EFF) 2002-2005

The EFF collects detailed information on household assets, debts, income, consumption, and demographic variables. One important characteristic of this survey is that it oversamples high-wealth households. Another important characteristic of the EFF is that the second wave has a full panel component that provides statistical information on transitions among states and individual changes in the variables. The purpose of this work is to use the panel data of the EFF2002-2005 to describe the changes in income, asset holdings, and wealth of Spanish households between the end of 2002 and 2005.