IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this book or follow this series

L'épargnant dans un monde en crise — Ce qui a changé

  • Arrondel, Luc
  • Masson, André

La crise a affecté les comportements de l’épargnant : les ménages français se sont montrés en moyenne plus « prudents », désirant épargner davantage dans des placements plus sûrs et à plus long terme, et limiter parallèlement leurs investissements risqués. Comment expliquer ce changement ? Les Français se sont-ils simplement adaptés au nouvel environnement économique et aux évolutions perçues dans leur situation personnelle : baisse anticipée des ressources ou des rendements d’actifs, exposition au risque plus élevée, etc. ? Ou bien la crise a-t-elle modifié la « psyché » même des individus, à savoir ici les préférences de l’épargnant en matière de risque et vis-à-vis du futur : manifeste-t-il une plus grande « aversion au risque » qu’hier ? En termes d’horizon décisionnel, l’épargnant est-il moins obnubilé par les échéances de court terme et plus soucieux de son avenir ? Bref, ses préférences sont-elles soumises aux aléas de la conjoncture économique et financière ? À cette question centrale, notre étude répond par la négative, concluant ainsi à la stabilité d’ensemble des préférences de nos compatriotes à l’égard du risque et du temps pendant la crise de 2008. Contrairement à une antienne à la mode, ce résultat qui peut surprendre révèle un épargnant « stoïque » dans la tourmente, pas plus averse au risque qu’auparavant.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.cepremap.fr/depot/opus/OPUS23.pdf
Download Restriction: no

as
in new window

This book is provided by CEPREMAP in its series Opuscules du CEPREMAP with number 23 and published in 2011.
ISBN: 978-2-7288-0467-2
Handle: RePEc:cpm:opuscl:23
Contact details of provider: Postal: 48 boulevard Jourdan - 75014 PARIS
Phone: +33(0) 1 43 13 62 30
Fax: +33(0) 1 43 13 62 32
Web page: http://www.cepremap.fr/

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Laibson, David I., 1997. "Golden Eggs and Hyperbolic Discounting," Scholarly Articles 4481499, Harvard University Department of Economics.
  2. Gaudecker, Hans-Martin von & van Soest, Arthur & Wengström, Erik, 2009. "Heterogeneity in Risky Choice Behaviour in a Broad Population," IZA Discussion Papers 4022, Institute for the Study of Labor (IZA).
  3. Stefano Iezzi, 2008. "Investors' risk attitude and risky behavior: a Bayesian approach with imperfect information," Temi di discussione (Economic working papers) 692, Bank of Italy, Economic Research and International Relations Area.
  4. Dormont, Brigitte, 2009. "Les dépenses de santé : une augmentation salutaire ?," Opuscules du CEPREMAP, CEPREMAP, number 15, November.
  5. Dumas, Christelle & Lambert, Sylvie, 2008. "Le travail des enfants : quelles politiques pour quels résultats ?," Opuscules du CEPREMAP, CEPREMAP, number 11, November.
  6. Miles S. Kimball & Claudia R. Sahm & Matthew D. Shapiro, 2009. "Risk Preferences in the PSID: Individual Imputations and Family Covariation," American Economic Review, American Economic Association, vol. 99(2), pages 363-68, May.
  7. Michael D. Hurd & Susann Rohwedder, 2010. "Effects of the Financial Crisis and Great Recession on American Households," NBER Working Papers 16407, National Bureau of Economic Research, Inc.
  8. Amos Tversky & Daniel Kahneman, 1979. "Prospect Theory: An Analysis of Decision under Risk," Levine's Working Paper Archive 7656, David K. Levine.
  9. Duranton, Gilles & Martin, Philippe & Mayer, Thierry & Mayneris, Florian, 2008. "Les pôles de compétitivité : que peut-on en attendre ?," Opuscules du CEPREMAP, CEPREMAP, number 10, November.
  10. Hairault, Jean-Olivier & Langot, François & Sopraseuth, Thepthida, 2008. "Pour une retraite choisie : l'emploi des seniors," Opuscules du CEPREMAP, CEPREMAP, number 12, November.
  11. Arrondel, Luc & Savignac, Frédérique, 2010. "Stockholding : Does housing wealth matter ?," Economics Papers from University Paris Dauphine 123456789/8576, Paris Dauphine University.
  12. Péter Hudomiet & Gábor Kézdi & Robert J. Willis, 2011. "Stock market crash and expectations of American households," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 26(3), pages 393-415, 04.
  13. Bozio, Antoine & Piketty, Thomas, 2008. "Pour un nouveau système de retraite : des comptes individuels de cotisations financés par répartition," Opuscules du CEPREMAP, CEPREMAP, number 14, November.
  14. Oliver, Xisco & Calvo Pardo, Hector & Arrondel, Luc & Tas, Derya, 2010. "Subjective Stock Market Expectations and Portfolio Choice," Economics Papers from University Paris Dauphine 123456789/6829, Paris Dauphine University.
  15. repec:pse:psecon:2008-31 is not listed on IDEAS
  16. Arie Kapteyn & Federica Teppa, 2009. "Subjective Measures of Risk Aversion, Fixed Costs, and Portfolio Choice," DNB Working Papers 216, Netherlands Central Bank, Research Department.
  17. Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
  18. Schubert, Katheline, 2009. "Pour la taxe carbone : la politique économique face à la menace climatique," Opuscules du CEPREMAP, CEPREMAP, number 18, November.
  19. H. M. Shefrin & Richard Thaler, 1977. "An Economic Theory of Self-Control," NBER Working Papers 0208, National Bureau of Economic Research, Inc.
  20. Robert B. Barsky & Miles S. Kimball & F. Thomas Juster & Matthew D. Shapiro, 1995. "Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Survey," NBER Working Papers 5213, National Bureau of Economic Research, Inc.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:cpm:opuscl:23. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Stéphane Adjemian)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.