Inégalités de rendements et de patrimoine en France en 2017

Laurence Bloch, Benjamin Favetto, Adrien Lagouge and Franck Sédillot

Revue d'économie financière, 2022, vol. N° 147, issue 3, 265-287

Abstract: The heterogeneity of the return on capital and its positive correlation with net worth are crucial theoretical elements for explaining the formation of wealth inequalities. After reviewing the empirical literature on this topic, this paper presents new estimates of wealth and returns on wealth by using new data combining the French 2017 wealth survey, income and wealth tax returns, company balance sheets, and national accounts. The study of the joint distribution of returns on wealth and net worth for the year under review highlights a significant increase in the returns on net wealth according to its level, in particular for the wealthiest. Return on net worth increases by 7.4 percentage points between the first decile of net worth and the top percentile. These preliminary results, although they specifically concern this particular year, do contribute to the debate over wealth inequality in France. Classification JEL : C83, D31, G11, G51.

JEL-codes: C83 D31 G11 G51 (search for similar items in EconPapers)
Date: 2022
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