Risk and Time Preference (notice n° 545228)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01588cam a2200181 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121113641.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Arrondel, Luc |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Risk and Time Preference |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2005.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 19 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | In an extended variant of the life-cycle hypothesis, saving behaviour is shown to depend crucially on the interaction between two preference parameters: γ, which represents risk attitudes (aversion, prudence...), and δ, the rate of time depreciation. Hence, the predictions of four specific accumulation regimes: the Bons pères de famille (high γ, low δ); the entreprenants (low γ, low δ); the têtes brûlées (low γ, high δ); and the cigales prudentes (high γ, high δ).The Insee-Delta “Patrimoine 1998” survey allows to obtain global relative measures of the two preference parameters. An econometric analysis of the amount and composition of wealth shows then that this savers’ typology has sizeable explanatory power, with effects as predicted. Ceteris paribus, “bons pères de famille” accumulate more wealth than other households. “Têtes brûlées” own less homes and Pep, “cigales prudentes” less (often) stocks, and these two types of savers invest less in long-term saving (whether for housing or retirement). |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Masson, André |
| Relator term | author |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Verger, Daniel |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue économique | 56 | 2 | 2005-03-01 | p. 393-416 | 0035-2764 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-economique-2005-2-page-393?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-economique-2005-2-page-393?lang=en&redirect-ssocas=7080</a> |
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