Of limited revenue and being increasingly unpopular, the taxation of inheritance is often justified by a concern for social justice and redistribution: inequality of opportunity, unearned windfall income, high concentration and intergenerational reproduction of wealth, etc. In a country like...

There is a capital taxation puzzle in most developed countries. Since the 1960s, revenues from wealth transfer taxation have been especially low and decreasing as a percentage of GDP, even to the extent of disappearing in quite a number of cases; by contrast, lifetime wealth or capital taxation...

Measuring individual preferences of savers have two main motivations: to reduce the share of non-observed heterogeneity in explaining households' wealth behaviors, and to construct more accurate tests of the theories of savings and portfolio choices. For France, we have constructed a unique data...

For a sub-sample of French households of an Insee wealth survey, we obtain new and relative measures of 5 individual preference parameters : the risk "attitude" (aversion, prudence...), the rate of time depreciation over the life-cycle, the degree of short-term impatience, and the degrees of...

In an extended variant of the life-cycle hypothesis, saving behaviour is shown to depend crucially on the interaction between two preference parameters : γ, which represents risk attitudes (aversion, prudence...), and δ, the rate of time depreciation. Hence, the predictions of four specific...

[spa] ¿Qué se puede deducir de los estudios relativos a las transferencias patrimoniales en Francia? . por Luc Arrondel y André Masson.. . Los motivos y la práctica de transmisión de los franceses constituían hasta hace poco tiempo un ámbito casi inexplorado. Para lograr una visión...