Des cigales et des fourmis. Un fabliau économique

Emmanuel Thibault

Revue économique, 2003, vol. 54, issue 3, 531-540

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

JEL-codes: D11 D31 D91 E13 (search for similar items in EconPapers)
Date: 2003
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