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Agriculture to Industry: the End of Intergenerational Coresidence

Luca Pensieroso () and Alessandro Sommacal ()

Review of Economic Dynamics, 2019, vol. 34, 87-102

Abstract: We show that the structural change of the economy from agriculture to industry was a major determinant of the observed shift in intergenerational coresidence. We build a one-good, two-sector overlapping generation model of the structural change out of agriculture, in which the coresidence choice is endogenous. We calibrate the model on U.S. data and simulate it. The model can match the decline in U.S. intergenerational coresidence both qualitatively and quantitatively. (Copyright: Elsevier)

Keywords: Living arrangements; Family economics; Structural change; Economic development; Unified growth theory (search for similar items in EconPapers)
JEL-codes: J10 O40 O11 O33 E13 (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1016/j.red.2019.03.007

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