EconPapers    
Economics at your fingertips  
 

Could French and Eurozone Savers Invest More in Risky Assets?

Luc Arrondel () and André Masson
Additional contact information
André Masson: CNRS-Paris School of Economics

Bankers, Markets & Investors, 2015, issue 138, 4-16

Abstract: During the crisis, French savers are turning even more towards safe, short-term assets or real estate and away from more risky and long-term financial investments. This state of affairs is a cause of concern to some analysts, who are looking for ways to encourage households to take more risks and put more of their savings into productive investment. Theoretical and statistical analysis show that this reluctance to invest in the stock market comes as much from the supply side – transaction costs in the broad sense, relatively unfavourable taxation that reduces the expected return – as from the demand side – lack of financial education among savers, aversion to risks perceived as being too high, exposure to other risks (income, unemployment, family, health, housing, human capital). In this article, after analyzing financial behaviours in France and Europe, we propose a number of propositions for redirecting savings towards more risky investments.

Keywords: Individual portfolio choice; Household financial decisions; Risky asset demand; Cross country (search for similar items in EconPapers)
JEL-codes: C33 C35 D1 D12 D91 D3 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.revue-banque.fr/article/could-french-an ... rs-invest-more-risky (text/html)
price

Related works:
Working Paper: Could French and Eurozone Savers Invest More in Risky Assets? (2015)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rbq:journl:i:138:p:4-16

Ordering information: This journal article can be ordered from
12 rue du Quatre-Septembre, 75002 PARIS France
http://www.eska.fr

Access Statistics for this article

More articles in Bankers, Markets & Investors from ESKA Publishing
Bibliographic data for series maintained by Marise Urbano ().

 
Page updated 2019-04-06
Handle: RePEc:rbq:journl:i:138:p:4-16