IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-03605454.html
   My bibliography  Save this paper

Confiance et épargne : un bilan de la littérature

Author

Listed:
  • Kevin Brookes

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

  • François Facchini

    (CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique)

Abstract

Trust plays an increasingly important role in explaining the volume and structure of household savings. This paper examines the literature on three disparate subjects: the macroeconomics of saving, the economics of institutions and the economics of trust. The concept of trust is best situated to unify these three poles of the literature on the determinants of savings. It introduces an inherently subjective dimension into the explanation of the dynamics, revealing why empirical tests often produce ambiguous results and confirming that in the social sciences the cold, objective facts are less important than the facts as perceived through the lens of an agent's beliefs. We evaluate the theoretical relationship between self-confidence, trust in others, and trust in institutions on the one hand, and savings behaviour on the other. Our review of empirical articles that take this subjective dimension into account yields promising results. Individuals entrust their savings on the basis of the representations they have of themselves, of others and of institutions. The more confident they are, the more they choose to save within financial institutions and to take risks with their investments. The paper concludes with a discussion of the implications of these results for economic research and for the determination of public policies aiming to increase both the volume and the structural efficiency of savings.

Suggested Citation

  • Kevin Brookes & François Facchini, 2022. "Confiance et épargne : un bilan de la littérature," Post-Print hal-03605454, HAL.
  • Handle: RePEc:hal:journl:hal-03605454
    DOI: 10.3917/redp.321.0021
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Other versions of this item:

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-03605454. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.