Les épargnants détenant des titres financiers risqués ont-ils tendance à investir à contretemps sur les marchés boursiers, achetant au sommet et vendant dans les creux ? Réduisent-ils leur exposition au risque avec l'âge et en particulier à l'approche de la retraite ? Nous répondons à...

Les ménages français ont sensiblement accru leur épargne, qu’ils ont notamment placée en assurance-vie (en euros) et dépôts à vue. Leur patrimoine financier, dont la structure a été peu affectée, est revenu à sa valeur d’avant la crise.

When countries, and macroeconomic models, open up to international capital markets, the welfare gains available through completion of financial markets for contingencies potentially are much greater than those available from access to noncontingent international borrowing. Intercasual insurance,...

When countries, and macroeconomic models, open up to international capital markets, the welfare gains available through completion of financial markets for contingencies potentially are much greater than those available from access to noncontingent international borrowing. Intercasual insurance,...

When countries, and macroeconomic models, open up to international capital markets, the welfare gains available through completion of financial markets for contingencies potentially are much greater than those available from access to noncontingent international borrowing. Intercasual insurance,...

Private pension provision faces the challenging task of providing stable income streams during retirement. The challenge has increased markedly in the last decades due to volatile financial markets, falling interest rates and the withdrawal of employers and external insurers as risk bearers of...

This paper studies the interdependence between property insurance and portfolio selection. The insurance premium of property loss is shown to play the role of subsistence consumption in the analysis. Then, "security" becomes a necessity good and an increase in any insurance parameter would make...

This paper studies the interdependence between property insurance and portfolio selection. The insurance premium of property loss is shown to play the role of subsistence consumption in the analysis. Then, “security” becomes a necessity good and an increase in any insurance parameter would...