| Titre | Hypothèse du cycle de vie et accumulation du patrimoine : France 1986 | |
|---|---|---|
| Auteur | Luc Arrondel, André Masson | |
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Revue | Economie et prévision |
| Numéro | no 90, 1989/4 Patrimoins, dettes, taux d'intérêt | |
| Rubrique / Thématique | Patrimoines, Dettes, Taux d'intérêt |
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| Page | 11-30 | |
| Résumé anglais |
The Life-Cycle Hypothesis and Property Accumulation: France 1986,
by André Masson, Luc Arrondel.
This article presents some tests on the life-cycle hypothesis, conducted on the basis of the cross-section data provided by the "Financial Assets" survey (Inséé, 1986). They concern the individual determinants of the overall value of wealth, as well as the nature and extent of its impact. The theory focuses on two explanatory variables of wealth disparities: age and permanent income, discounted income average (other than capital income) already acquired or expected over the whole life-cycle, which is evaluated on the basis of the instantaneous and retrospective information recorded during the survey. The findings of the empirical analysis, which may be compared to those of other foreign studies, suggest a qualified appraisal: the population's heterogeneous behavioral patterns with regard to accumulation lead us to relativize the scope of application of the life-cycle model, for it mostly concerns middle-class employees. Source : Éditeur (via Persée) |
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| Article en ligne | http://www.persee.fr/web/revues/home/prescript/article/ecop_0249-4744_1989_num_90_4_5120 |
