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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

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Article provided by Presses de Sciences-Po in its journal Revue économique.

Volume (Year): 54 (2003)
Issue (Month): 3 ()
Pages: 531-540

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Handle: RePEc:cai:recosp:reco_543_0531

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