https://fr.wikipedia.org/wiki/Plan_d%27%C3%A9pargne_en_actions says:

Le PEA a été créé en 1992 afin d'encourager l'investissement en bourse des particuliers, notoirement bas en France.

Google translation:

The PEA was created in 1992 to encourage investment in the stock market [by] individuals, notoriously low in France.

Why did the French not invest much in the stock market prior to 1990?

  • $\begingroup$ I don't think there is a definitive answer to this, but I am curious about research on this topic. $\endgroup$
    – Bayesian
    Dec 28, 2020 at 12:25
  • $\begingroup$ @Bayesian I guess they are some study on how the French managed their finance. $\endgroup$ Dec 29, 2020 at 21:20


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