FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2040986885> ?p ?o ?g. }

• W2040986885 endingPage "360" @default.
• W2040986885 startingPage "327" @default.
• W2040986885 abstract "This article presents a model of the 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 nonexistence 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 creates 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." @default.
• W2040986885 created "2016-06-24" @default.
• W2040986885 creator A5063373113 @default.
• W2040986885 date "2006-04-11" @default.
• W2040986885 modified "2023-10-16" @default.
• W2040986885 title "THE 2005 LAWRENCE R. KLEIN LECTURE: EMERGENT CLASS STRUCTURE*" @default.
• W2040986885 cites W1552229271 @default.
• W2040986885 cites W1593585985 @default.
• W2040986885 cites W1667927859 @default.
• W2040986885 cites W1980286469 @default.
• W2040986885 cites W1998869992 @default.
• W2040986885 cites W2005262825 @default.
• W2040986885 cites W2008636598 @default.
• W2040986885 cites W2012135746 @default.
• W2040986885 cites W2014412921 @default.
• W2040986885 cites W2015522239 @default.
• W2040986885 cites W2027105898 @default.
• W2040986885 cites W2032014665 @default.
• W2040986885 cites W2046824614 @default.
• W2040986885 cites W2047582865 @default.
• W2040986885 cites W2057796310 @default.
• W2040986885 cites W2064920178 @default.
• W2040986885 cites W2115537527 @default.
• W2040986885 cites W2132216222 @default.
• W2040986885 cites W2142393665 @default.
• W2040986885 cites W3121355104 @default.
• W2040986885 cites W3121378423 @default.
• W2040986885 cites W4229842872 @default.
• W2040986885 cites W4230406665 @default.
• W2040986885 cites W4236584637 @default.
• W2040986885 cites W4253983263 @default.
• W2040986885 doi "https://doi.org/10.1111/j.1468-2354.2006.00381.x" @default.
• W2040986885 hasPublicationYear "2006" @default.
• W2040986885 type Work @default.
• W2040986885 sameAs 2040986885 @default.
• W2040986885 citedByCount "27" @default.
• W2040986885 countsByYear W20409868852012 @default.
• W2040986885 countsByYear W20409868852013 @default.
• W2040986885 countsByYear W20409868852014 @default.
• W2040986885 countsByYear W20409868852015 @default.
• W2040986885 countsByYear W20409868852016 @default.
• W2040986885 countsByYear W20409868852017 @default.
• W2040986885 countsByYear W20409868852018 @default.
• W2040986885 countsByYear W20409868852021 @default.
• W2040986885 crossrefType "journal-article" @default.
• W2040986885 hasAuthorship W2040986885A5063373113 @default.
• W2040986885 hasBestOaLocation W20409868852 @default.
• W2040986885 hasConcept C110458093 @default.
• W2040986885 hasConcept C133425853 @default.
• W2040986885 hasConcept C134306372 @default.
• W2040986885 hasConcept C145236788 @default.
• W2040986885 hasConcept C154945302 @default.
• W2040986885 hasConcept C15553842 @default.
• W2040986885 hasConcept C162222271 @default.
• W2040986885 hasConcept C162324750 @default.
• W2040986885 hasConcept C17744445 @default.
• W2040986885 hasConcept C199539241 @default.
• W2040986885 hasConcept C2777212361 @default.
• W2040986885 hasConcept C2777388388 @default.
• W2040986885 hasConcept C33923547 @default.
• W2040986885 hasConcept C41008148 @default.
• W2040986885 hasConcept C45555294 @default.
• W2040986885 hasConcept C514928085 @default.
• W2040986885 hasConcept C74080474 @default.
• W2040986885 hasConcept C94625758 @default.
• W2040986885 hasConceptScore W2040986885C110458093 @default.
• W2040986885 hasConceptScore W2040986885C133425853 @default.
• W2040986885 hasConceptScore W2040986885C134306372 @default.
• W2040986885 hasConceptScore W2040986885C145236788 @default.
• W2040986885 hasConceptScore W2040986885C154945302 @default.
• W2040986885 hasConceptScore W2040986885C15553842 @default.
• W2040986885 hasConceptScore W2040986885C162222271 @default.
• W2040986885 hasConceptScore W2040986885C162324750 @default.
• W2040986885 hasConceptScore W2040986885C17744445 @default.
• W2040986885 hasConceptScore W2040986885C199539241 @default.
• W2040986885 hasConceptScore W2040986885C2777212361 @default.
• W2040986885 hasConceptScore W2040986885C2777388388 @default.
• W2040986885 hasConceptScore W2040986885C33923547 @default.
• W2040986885 hasConceptScore W2040986885C41008148 @default.
• W2040986885 hasConceptScore W2040986885C45555294 @default.
• W2040986885 hasConceptScore W2040986885C514928085 @default.
• W2040986885 hasConceptScore W2040986885C74080474 @default.
• W2040986885 hasConceptScore W2040986885C94625758 @default.
• W2040986885 hasIssue "2" @default.
• W2040986885 hasLocation W20409868851 @default.
• W2040986885 hasLocation W20409868852 @default.
• W2040986885 hasOpenAccess W2040986885 @default.
• W2040986885 hasPrimaryLocation W20409868851 @default.
• W2040986885 hasRelatedWork W1510681197 @default.
• W2040986885 hasRelatedWork W2136727479 @default.
• W2040986885 hasRelatedWork W2186515313 @default.
• W2040986885 hasRelatedWork W2350515508 @default.
• W2040986885 hasRelatedWork W2363219155 @default.
• W2040986885 hasRelatedWork W2594232740 @default.
• W2040986885 hasRelatedWork W3035297005 @default.
• W2040986885 hasRelatedWork W3124328767 @default.
• W2040986885 hasRelatedWork W4238877401 @default.
• W2040986885 hasRelatedWork W4387518190 @default.

• next