Does size matter? Implications of household size for economic growth and convergence
Vadim Kufenko (),
Vincent Geloso and
Klaus Prettner ()
No 05-2018, Hohenheim Discussion Papers in Business, Economics and Social Sciences from University of Hohenheim, Faculty of Business, Economics and Social Sciences
We assess the effects of changes in household size on the long-run evolution of living standards and on cross-country convergence. When the observed changes in average household size across countries are taken into consideration, growth in living standards is slower throughout the 20th century as compared to a measure based on per capita GDP. Furthermore, the speed of divergence between different countries before 1950 is faster and the speed of convergence after 1950 is slower after adjusting for the evolution in household size.
Keywords: divergence; convergence; long-run growth; changing household size; demography (search for similar items in EconPapers)
JEL-codes: J11 O11 O47 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-dem, nep-gro and nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:hohdps:052018
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