BEFFY, P.-O.; MONFORT, B. - Département des Études Économiques d'Ensemble (D3E), … - 2003
choice theory) and the impact of aggregate wealth on consumption (wealth effect), taking into account population ageing. The …In the past twenty years, household wealth undergoes profound changes and in particular a notable increase of the share … summer of 2000 and the continued upsurge of housing prices lead to important swings of the value of household wealth. These …