Family Economics Writ Large

Jeremy Greenwood, Nezih Guner and Guillaume Vandenbroucke

No 10362, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Powerful currents have reshaped the structure of families over the last century. There has been (i) a dramatic drop in fertility and greater parental investment in children; (ii) a rise in married female labor-force participation; (iii) a decline in marriage and a rise in divorce; (iv) a higher degree of assortative mating; (v) more children living with a single mother; (vi) shifts in social norms governing premarital sex and married women's roles in the labor market. Macroeconomic models explaining these aggregate trends are surveyed. The relentless flow of technological progress and its role in shaping family life are stressed.

Keywords: quality-quantity trade off; marriage and divorce; macroeconomics; human capital; household production; household income inequality; fertility; female labor supply; family economics; baby bust; baby boom; assortative mating; premarital sex; quantitative theory; single mothers; social change; survey paper; technological progress; women's rights (search for similar items in EconPapers)
JEL-codes: D1 E2 J1 O1 O4 Z1 (search for similar items in EconPapers)
Pages: 79 pages
Date: 2016-11
New Economics Papers: this item is included in nep-his and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Published - published in: Journal of Economic Literature, 2017, 55, 1346-1434.

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Related works:
Journal Article: Family Economics Writ Large (2017)
Working Paper: Family Economics Writ Large (2017)
Working Paper: Family Economics Writ Large (2017)
Working Paper: Family Economics Writ Large (2017)
Working Paper: Family Economics Writ Large (2016)
Working Paper: Family Economics Writ Large (2016)
Working Paper: Family Economics Writ Large (2015)
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