Economic Development and the Family Structure: from the Pater Familias to the Nuclear Family
Luca Pensieroso () and
Alessandro Sommacal ()
No 2010039, Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)
We provide a theory that is able to account for the observed comovement between the shift in intergenerational living arrangements from coresidence to non-coresidence and economic development. Our theory is consistent with the diminution in the status of the elderly documented by some sociologists. The results from our analysis show that, when technical progress is fast enough, the economy experiences a shift from stagnation to growth, there is a transition from coresidence to non-coresidence, and the social status of the elderly tends to deteriorate.
Keywords: Unified Growth Theory; Intergenerational Living Arrangements; Bargaining Power; Family Economics (search for similar items in EconPapers)
JEL-codes: O40 O11 O33 J10 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dge and nep-soc
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2010039
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