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Inégalités de rendements et de patrimoine en France en 2017

Author

Listed:
  • Laurence Bloch
  • Benjamin Favetto
  • Adrien Lagouge
  • Franck Sédillot

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.

Suggested Citation

  • Laurence Bloch & Benjamin Favetto & Adrien Lagouge & Franck Sédillot, 2022. "Inégalités de rendements et de patrimoine en France en 2017," Revue d'économie financière, Association d'économie financière, vol. 0(3), pages 265-287.
    • Handle: RePEc:cai:refaef:ecofi_147_0265
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    JEL classification:

    • C83 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Survey Methods; Sampling Methods
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G51 - Financial Economics - - Household Finance - - - Household Savings, Borrowing, Debt, and Wealth

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