Des cigales et des fourmis. Un fabliau économique
AbstractIn 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
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): 54 (2003)
Issue (Month): 3 ()
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Find related papers by JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
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