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Patrimoine privé et retraite en France

Author

Listed:
  • Thomas Blanchet

    (ENSAE - Ecole Nationale de la Statistique et de l'Analyse Economique - Ecole Nationale de la Statistique et de l'Analyse Economique, PSE - Paris School of Economics)

  • Yves Dubois

    (INSEE Paris - INSEE Paris)

  • Anthony Marino

    (INSEE Paris - INSEE Paris)

  • Muriel Roger

    () (PSE - Paris School of Economics, PSE - Paris-Jourdan Sciences Economiques - CNRS - Centre National de la Recherche Scientifique - ENPC - École des Ponts ParisTech - EHESS - École des hautes études en sciences sociales - INRA - Institut National de la Recherche Agronomique - ENS Paris - École normale supérieure - Paris)

Abstract

L'existence d'un système de retraite modifie les comportements d'épargne des ménages. Nous estimons le phénomène de substitution entre épargne privée et montant des droits à pension dans le cas français à partir des données de l'enquête Patrimoine et du modèle de microsimulation Destinie de l'INSEE. Les comportements d'épargne sont modélisés à l'aide du modèle de Gale (1998). Les résultats mettent en évidence des comportements de substitution entre l'épargne des ménages et leurs droits à pension. L'amplitude de ces effets est sensible aux paramètres d'actualisation des agents. Une hausse des pensions publiques induit une diminution de l'épargne complémentaire retraite et une diminution de l'investissement immobilier. Ce second effet est prédominant.

Suggested Citation

  • Thomas Blanchet & Yves Dubois & Anthony Marino & Muriel Roger, 2016. "Patrimoine privé et retraite en France," PSE Working Papers halshs-01292412, HAL.
  • Handle: RePEc:hal:psewpa:halshs-01292412
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-01292412
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    References listed on IDEAS

    as
    1. Jérôme Bourdieu & Benoît Rapoport & Muriel Roger, 2014. "Montant et composition du patrimoine des indépendants, avant et après le départ à la retraite," Économie et Statistique, Programme National Persée, vol. 472(1), pages 169-193.
    2. Michael Hurd & Pierre‐Carl Michaud & Susann Rohwedder, 2012. "The Displacement Effect of Public Pensions on the Accumulation of Financial Assets," Fiscal Studies, Institute for Fiscal Studies, vol. 33(1), pages 107-128, March.
    3. Louis-David L. Dicks-Mireaux & Mervyn A. King, 1983. "Portfolio Composition and Pension Wealth: An Econometric Study," NBER Chapters,in: Financial Aspects of the United States Pension System, pages 399-440 National Bureau of Economic Research, Inc.
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    5. Arrondel, L. & Roger, M. & Savignac, F., 2013. "Patrimoine et endettement des ménages dans la zone euro :le rôle prépondérant de l’immobilier," Bulletin de la Banque de France, Banque de France, issue 192, pages 81-94.
    6. Alessie, Rob & Angelini, Viola & van Santen, Peter, 2013. "Pension wealth and household savings in Europe: Evidence from SHARELIFE," European Economic Review, Elsevier, vol. 63(C), pages 308-328.
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    Cited by:

    1. Mathieu Lefebvre & Sergio Perelman, 2016. "Social security wealth and household asset holdings: new evidence from Belgium," Working Papers of BETA 2016-38, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.

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    Keywords

    Patrimoine; Retraites; Cycle de vie;

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