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...

The so-called existential approach tries to explain a number of ?anomalies? concerning saver?s behaviour over the life-cycle, without putting forward, as does the psycho-economic school, saver?s limited rationality. This approach takes into account the ?situation context? of the life-cycle saver...

To cope with the unrealistic predictions of the ?standard? life-cycle model (time separable preferences, expected utility, exponential discounting), the behavioral or psycho-economic approach imposes very strong limits to the saver?s rationality : inability of longterm planning, misplaced...