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Des cigales et des fourmis. Un fabliau économique

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  • Emmanuel Thibault

Abstract

In this paper we develop an OLG model with heterogenous dynasties and wealth accumulation which allows us to study analytically the emergence of a class-society and the wealth inequality dynamics. We determine when a dynasty belongs to the upper, the middle or the working class. Interestingly, we focus on the (possible) existence of successive runs of generations which work and compose a patrimony (the ants) and of generations which behave as rentiers and squander the accumulated wealth (the grasshoppers). Moreover, despite a deterministic framework, the model permits to explain the existence of inequalities between similar individuals. Classification JEL : D31, D91, D11, E13

Suggested Citation

  • Emmanuel Thibault, 2003. "Des cigales et des fourmis. Un fabliau économique," Revue économique, Presses de Sciences-Po, vol. 54(3), pages 531-540.
  • Handle: RePEc:cai:recosp:reco_543_0531
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    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical

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