Agriculture to Industry: the End of Intergenerational Coresidence
Luca Pensieroso () and
Alessandro Sommacal ()
No 10/2017, Working Papers from University of Verona, Department of Economics
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 two-sector overlapping generation model of the structural change out of agriculture, in which the coresidence choice is endogenous. We calibrate the model on US data and simulate it. The model can match well the decline in US intergenerational coresidence between 1870 and 1940.
Keywords: living arrangements; family economics; structural change; economic development; unified growth theory (search for similar items in EconPapers)
JEL-codes: O40 O11 O33 J10 E13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dcm, nep-dge and nep-mac
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Journal Article: Agriculture to Industry: the End of Intergenerational Coresidence (2019)
Working Paper: Agriculture to Industry: the End of Intergenerational Coresidence (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ver:wpaper:10/2017
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