Family Economics Writ Large

79 Pages Posted: 30 Jan 2017

See all articles by Jeremy Greenwood

Jeremy Greenwood

University of Pennsylvania - Department of Economics; National Bureau of Economic Research (NBER)

Nezih Guner

Centre for Monetary and Financial Studies (CEMFI)

Guillaume Vandenbroucke

Federal Reserve Banks - Federal Reserve Bank of St. Louis

Multiple version iconThere are 4 versions of this paper

Date Written: January 2017

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 significant decline in marriage and a rise in divorce; (iv) a higher degree of positive 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 workplace. Macroeconomic models explaining these aggregate trends are surveyed. The relentless flow of technological progress and its role in shaping family life are stressed.

Suggested Citation

Greenwood, Jeremy and Guner, Nezih and Vandenbroucke, Guillaume, Family Economics Writ Large (January 2017). NBER Working Paper No. w23103. Available at SSRN: https://ssrn.com/abstract=2907906

Jeremy Greenwood (Contact Author)

University of Pennsylvania - Department of Economics ( email )

Ronald O. Perelman Center for Political Science
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HOME PAGE: http://jeremygreenwood.net

National Bureau of Economic Research (NBER)

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Nezih Guner

Centre for Monetary and Financial Studies (CEMFI) ( email )

Casado del Alisal 5
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Spain

Guillaume Vandenbroucke

Federal Reserve Banks - Federal Reserve Bank of St. Louis ( email )

411 Locust St
Saint Louis, MO 63011
United States
+1 314 444 8717 (Phone)

HOME PAGE: http://www.guillaumevdb.net/

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