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...

En France, l'influence des comportements patrimoniaux des parents sur celui de leurs enfants a souvent été mise en évidence. Comment expliquer alors ce "poids d'Anchise" ? Dans cet article, nous utilisons une enquête originale française et unique initiée par le Delta et TNS-Sofres en 2002...

We explore empirically whether earnings uncertainty and borrowing constraints deter households from the stockmarket, consistent with the predictions of theoretical studies of portfolio choice in the presence of uninsurable earnings. Recent extensions highlight the importance of the correlation...

Do couples share the same values? The social sciences have mainly concentrated on comparing the socioeconomic characteristics of spouses, but rarely their preferences to risk and time. In this paper, we use conventional measurements and an original method. We find that spouses are very similar...

The influence of parents' savings behaviour on that of their children has often been remarked. This paper attempts to explain this "poids d'Anchise" via a unique French dataset collected by DELTA and TNSSofres in 2002, which contains both savings and subjective information for two or three...

Le motif d'épargne de précaution a été modélisé initialement par Leland (1968), Sandmo (1970) ou Drèze & Modigliani (1972) et renouvelé par Kimball (1993). La quantification de cette prudence des épargnants face à un risque de revenu exogène dans les comportements d'épargne a fait...