Hostname: page-component-cd9895bd7-dzt6s Total loading time: 0 Render date: 2024-12-23T17:42:37.415Z Has data issue: false hasContentIssue false
  • English
  • Français

Taux d'épargne des ménages, anticipations et incertitudes

Published online by Cambridge University Press:  17 August 2016

P. Artus  and
E. Bleuze
P. Artus
Affiliation:
Caisse des Dépôts et Consignations
E. Bleuze
Affiliation:
Caisse des Dépôts et Consignations
Get access

Résumé

L'objet de cet article est d'examiner, d'un point de vue tant théorique qu'empirique (dans le cas de la France) l'introduction de l'incertitude affectant les revenus, les prix ou les rendements des actifs financiers, dans le modèle de consommation des ménages tiré de l'hypothèse de cycle de vie. Différentes méthodes, simples ou plus complexes, de construction des moments du second ordre des variables sont essayées.

Summary

Summary

The propose of the article is to examine both, from a theoretical and an empirical point of view (in the case of France), the introduction of the uncertainty affecting income, prices and the yield on financial assets in the life cycle model of households' consumption. Several, more or less complex methods for constructing the second order moments of the relevant variables are tested.

Keywords

310920310920
Type
Research Article
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 57 , Issue 3 , 1991 , pp. 245 - 275
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1991 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Bibliographie

Artus, P., Bleuze, E., Legros, F. et Nicolaï, J.-P. J.-P. (1989), Fiscalité et épargne des ménages, Document de Travail N° 89-35, Caisse des dépôts et consignations, décembre.Google Scholar
Barsky, R., Mankiw, N.G. et Zeldes, S.. (1986), Ricardian Consumers with Keynesian Propensities, septembre, pp. 676–691.Google Scholar
Blanchard, O. (1985), Debts, Deficits and Finite Horizons, Journal of Political Economy, avril, pp. 223–247.Google Scholar
Boskin, M. (1978), Taxation, Saving and the State of Interest, Journal of Political Economy, avril, pp. S3, S27.Google Scholar
Chan, L. (1983), Uncertainty and the Neutrality of Government Financial Policy, Journal of monetary Economy, mai, pp. 351–370.Google Scholar
Campbell, J. et Mankiw, N.G. (1989), Consumption, Income and Interest Rates: Interpreting the Time Series Evidence, NBER, Working Paper N° 2924, avril.Google Scholar
Deaton, A. (1987), Lile Cycle Models of Consumption is the Evidence Consistent with the Theory in Bewley, T., Advances in Econometrics.Google Scholar
Deaton, A. (1989), Saving and Liquidity Constraint, NBER, Working Paper N° 3196, décembre.Google Scholar
Flavin, M. (1981), The Adjustment of Consumption to Changing Expectations About Future Income, Journal of Political Economy, Vol. 89, pp. 974–1009.Google Scholar
Flavin, M. (1983), The Excess Sensitivity of Consumption to Current Income Liquidity Constraints or Myopia, Canadian Journal of Economics, février, pp. 117–136.Google Scholar
Flavin, M. (1988), The Excess Smoothness of Consumption: Identification and Interpretation, NBER, Working Paper N° 2807, décembre.Google Scholar
Friend, I. et Hasbrouek, J. (1983), Saving and after Tax Rates of Return, Review of Economics and Statistics, Vol. 65, pp. 537–543.Google Scholar
Hall, R. (1988), Intertemporal Substitution in Consumption, Journal of Political Economy, avril, pp. 339–357.Google Scholar
Hayashi, F. (1985), Tests for Liquidity Constraints: a Critical Survey, NBER, Working Paper N° 1720.Google Scholar
Hubbard, G. et Judd, K., (1986), Liquidity Constraints, Fiscal Policy and Consumption, Brookings Pars on Economic Activity, No 1, pp. 1–50.Google Scholar
Kimball, M. et Mankiw, N.G. (1989), Precautionary Saving and the Timing of Taxes, Journal of Political Economics, Vol. 97, pp. 863–879.Google Scholar
Mankiw, N., Rotemberg, G. et Summers, L., (1985), intertemporal Substitution in Macroeconomics, Quarterly Journal of Economics, février, pp. 225–256.Google Scholar
Mehra, R. et Prescott, E., (1985), The Equity premium: a Puzzle, Journal of Monetary Economics, Vol. 10, pp. 335–359.Google Scholar
Poterba, S. et Summers, L. (1987), Finite Life Times and the Effects of Budget Deficits on National Saving, Journal of Monetary Economics, septembre, pp. 369–391.Google Scholar
Sundaresan, S. (1989), Intertemporally Dependent Preferences in the Theories of Consumption, Portfolio Choice and Equilibrium Asset Pricing, Review of Financial Studies, mai.Google Scholar
Usawa, M. (1968), Time Preference, the Consumption Function and Optimum Asset Holdings, in Wolf, J. N., Capital and Growth, Paper in Honor of Sir John Hicks, Chicago, Adline.Google Scholar
West, K. (1989, The Insensitivity of Consumption te news about Income, Journal of Monetary Economics, janvier, pp. 17–33.Google Scholar