[eng] Sums of Wealth and Assets: The Quality and Representativeness of Household Declarations . The greatest disparities between the estimates of wealth accounts and the Financial Assets survey estimates are to be found to varying degrees in the financial assets, in the housing liable to be...

[fre] Préférences individuelles et disparités du patrimoine . Les indicateurs individuels de préférences élaborés dans les articles précédents •scores, échelles, questions isolées, choix de loteries •ont-ils des effets sur les montants de patrimoine financier •net ou brut •qui...

[eng] Measuring Individual Time Preferences . Microeconomic theory makes a saver’s choices dependent on the lifecycle of his discount rate, or on the subjective discount rate he uses to anticipate his future gratifications. The higher this rate, the lower the savings level. This time...

[eng] From Theory to an Original Methodological Survey . Standard saving theory -which assumes the "exponential” discounting of future utilities through to the end of the life cycle and refers, under an uncertain future, to the criterion of expected utility -uses only two preference parameters...

[fre] La transmission des grandes fortunes Profil des riches défunts en France . L'étude d'un échantillon anonyme de déclarations de succession en 1 987 fait apparaître que, parmi les défunts les plus riches, les dix premiers pour cent (défunts « riches ») lèguent 51 % du patrimoine...

[ger] "Bildung von Rücklagen für unvorhergesehene Ereignisse“, so begann Keynes (1936) seine Liste der "acht wichtigsten subjektiven Motive oder Gründe, weshalb die Menschen ihre Einkünfte nicht ausgeben möchten“. Für dieses Vorsichtssparen - insbesondere aufgrund der Unwägbarkeiten...

Most models of family transfers consider only two generations and focus on two motives: altruism and exchange. They also assume perfect substitution between inter-vivos downward transfers and bequests. Based on French evidence, we show that parent-to-child transfers belong to three distinct...

This paper has considered the dynamics of financial portfolio choice by French households, using data from the ECHP over the period 1994-2001. The panel data allow us to test a number of theoretical predictions which are difficult to analyse with cross-section data: life cycle effects,...

This article considers four models of household wealth accumulation, which differ principally in terms of the length of the time horizon. The myopic model is characterised by a very short time horizon, with models levels of wealth tracking income, while life-cycle models suppose that individuals...