Using empirical analysis, this study shows that individuals perceive negative changes in their financial situation as larger relative to positive changes. Evidence of this asymmetry is provided using survey data on individual expectations, perceptions, income, and wealth. The study's results are...

In this paper the authors examine household wealth and income in the Netherlands using data from the Socio Economic Panel (SEP) in the period 1987-89. They provide an evaluation of the quality of the data and some simple statistics which describe the behavior of wealth, saving, and income over...