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Les hauts revenus épargnent‑ils davantage ?

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  • Bertrand Garbinti
  • Pierre Lamarche

Abstract

[fre] Existe-t-il des différences de taux d’épargne en fonction des revenus ? Cette interrogation est au coeur de nombreuses questions de politiques publiques : les taxes sur la consommation sont-elles régressives ? Quel est l’effet d’une hausse d’impôt pour les hauts revenus ? Faut-il subventionner l’épargne-retraite ? L’observation des taux d’épargne en fonction des revenus courants laisse apparaître un lien positif. Néanmoins, l’épargne peut être une décision de long terme qui ne dépend pas que du revenu courant : si les ménages anticipent une baisse de revenu, ils tendent à «lisser » leur consommation et, en cas de revenu exceptionnellement élevé, ils peuvent ajuster leur épargne à la hausse. Le vrai comportement d’épargne doit donc plutôt s’étudier en fonction du revenu permanent, celui-ci étant défini comme le revenu qui correspond au flux actualisé de ressources que le ménage s’attend à percevoir sur une longue période, corrigé de ses fluctuations transitoires. . À partir de l’enquête Patrimoine 2010 nous étudions le lien entre épargne et les deux concepts de revenu, courant et permanent, grâce à différentes approches pour l’estimation de ce dernier. Jusqu’à présent les cinq approches différentes que nous employons n’ont jamais été utilisées conjointement. Ceci permet de comparer les résultats obtenus et leur sensibilité aux méthodes d’estimation. Tous nos résultats suggèrent que le taux d’épargne est significativement plus élevé pour les ménages aux revenus les plus hauts, quelle que soit la définition de ce revenu.

Suggested Citation

  • Bertrand Garbinti & Pierre Lamarche, 2014. "Les hauts revenus épargnent‑ils davantage ?," Économie et Statistique, Programme National Persée, vol. 472(1), pages 49-64.
  • Handle: RePEc:prs:ecstat:estat_0336-1454_2014_num_472_1_10488
    DOI: 10.3406/estat.2014.10488
    Note: DOI:10.3406/estat.2014.10488
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    1. Bertrand Garbinti & Jonathan Goupille-Lebret & Thomas Piketty, 2016. "Accounting for Wealth Inequality Dynamics: Methods, Estimates and Simulations for France (1800-2014)," World Inequality Lab Working Papers halshs-02794339, HAL.
    2. Florian Botte & Laurent Cordonnier & Thomas Dallery & Vincent Duwicquet & Jordan Melmies & Franck van de Velde, 2017. "The cost of capital: between losses and diversion of wealth [Le coût du capital : entre pertes et détournement de richesses]," Working Papers hal-01711157, HAL.
    3. Bertrand Garbinti & Jonathan Goupille-Lebret & Thomas Piketty, 2021. "Accounting for Wealth-Inequality Dynamics: Methods, Estimates, and Simulations for France," Journal of the European Economic Association, European Economic Association, vol. 19(1), pages 620-663.
    4. Bertrand Garbinti & Jonathan Goupille-Lebret, 2019. "Inégalités de revenus et de richesse en France : évolutions et liens sur longue période," Working Papers halshs-02401482, HAL.
    5. Bertrand Garbinti & Jonathan Goupille-Lebret, 2019. "Income and Wealth Inequality in France: Developments and Links over the Long Term," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 510-511-5, pages 69-87.
    6. Y. Dubois & A. Marino, 2015. "Performance indicators of the French pension system," Documents de Travail de l'Insee - INSEE Working Papers g2015-02, Institut National de la Statistique et des Etudes Economiques.

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