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  1. 117 経済学研究科・経済学部
  2. 70 日本経済国際共同センター
  3. Discussion Paper F series (in English)
  1. 0 資料タイプ別
  2. 60 レポート類
  3. 061 ディスカッションペーパー

The 2005 Lawerence R. Klein Lecture : Emergent Class Structure

http://hdl.handle.net/2261/2658
http://hdl.handle.net/2261/2658
0ed5bdea-e101-4a04-b4f0-5b64a7ff2e73
Item type テクニカルレポート / Technical Report(1)
公開日 2013-06-03
タイトル
タイトル The 2005 Lawerence R. Klein Lecture : Emergent Class Structure
言語
言語 eng
キーワード
主題Scheme Other
主題 Imperfect Credit Markets
キーワード
主題Scheme Other
主題 Distribution of Household Wealth
キーワード
主題Scheme Other
主題 Vertical Division of Labor
キーワード
主題Scheme Other
主題 Endogenous Inequality
キーワード
主題Scheme Other
主題 Unattainability of Classless Society
キーワード
主題Scheme Other
主題 JEL Classification Numbers: D31, O11
資源タイプ
資源 http://purl.org/coar/resource_type/c_18gh
タイプ technical report
アクセス権
アクセス権 metadata only access
アクセス権URI http://purl.org/coar/access_right/c_14cb
著者 Matsuyama, Kiminori

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Matsuyama, Kiminori

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著者所属
著者所属 Northwestern University
抄録
内容記述タイプ Abstract
内容記述 This paper presents a model of emergent class structure, in which a society inhabited by inherently identical households may be endogenously split into the rich bourgeoisie and the poor proletariat. For some parameter values, the model has no steady state where all households remain equally wealthy. In this case, the model predicts emergent class structure or the rise of class societies. Even if every household starts with the same amount of wealth, the society will experience "symmetry-breaking" and will be polarized into two classes in steady state, where the rich maintain a high level of wealth partly due to the presence of the poor, who have no choice but to work for the rich at a wage rate strictly lower than the "fair" value of labor. The non-existence of the equal steady state means that a one-shot redistribution of wealth would not be effective, as wealth inequality and the class structure would always reemerge. Thus, the class structure is an inevitable feature of capitalism. For other parameter values, on the other hand, the model has the unique steady state, which is characterized by perfect equality. In this case, the model predicts dissipating class structure or the fall of class societies. Even if the society starts with significant wealth inequality, labor demand by the rich employers pushes up the wage rate so much that workers will escape from the poverty and eventually catch up with the rich, eliminating wealth inequality and the class structure in the long run. In an extension, we introduce self-employment, which not only provides the poor with an alternative to working for the rich, but also provides the rich with an alternative to investment that create jobs. Due to this dual nature of self-employment, the effects of self-employment turn out to be quite subtle. Yet, within the present framework, it is possible to offer a complete characterization of the steady states even in the presence of self-employment.
内容記述
内容記述タイプ Other
内容記述 本文フィルはリンク先を参照のこと
書誌情報 Discussion paper series. CIRJE-F

巻 CIRJE-F-383, 発行日 2005-10
書誌レコードID
収録物識別子タイプ NCID
収録物識別子 AA11450569
フォーマット
内容記述タイプ Other
内容記述 application/pdf
日本十進分類法
主題Scheme NDC
主題 330
出版者
出版者 日本経済国際共同センター
出版者別名
Center for International Research on the Japanese Economy
関係URI
識別子タイプ URI
関連識別子 http://www.cirje.e.u-tokyo.ac.jp/research/dp/2005/2005cf383ab.html
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