Does Size Matter? Implications of Household Size for Economic Growth and Convergence

7 Pages Posted: 6 Aug 2018

See all articles by Vadim Kufenko

Vadim Kufenko

University of Hohenheim - Institute of Economics

Vincent Geloso

George Mason University - Department of Economics

Klaus Prettner

Institute of Economics; University of Goettingen (Göttingen); University of Vienna - Austrian Academy of Sciences; Vienna University of Technology - Institute for Mathematical Methods in Economics

Date Written: September 2018

Abstract

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.

Suggested Citation

Kufenko, Vadim and Geloso, Vincent and Prettner, Klaus, Does Size Matter? Implications of Household Size for Economic Growth and Convergence (September 2018). Scottish Journal of Political Economy, Vol. 65, Issue 4, pp. 437-443, 2018, Available at SSRN: https://ssrn.com/abstract=3226368 or http://dx.doi.org/10.1111/sjpe.12188

Vadim Kufenko (Contact Author)

University of Hohenheim - Institute of Economics ( email )

Schloss-Mittelhof (Ost)
70593 Stuttgart
Germany

Vincent Geloso

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States

Klaus Prettner

Institute of Economics ( email )

Fruwirthstr. 48
Stuttgart, 70599
Germany

University of Goettingen (Göttingen) ( email )

Platz der Gottinger Sieben 3
Gottingen, D-37073
Germany

University of Vienna - Austrian Academy of Sciences ( email )

Sonnenfelsgasse 19/2
Wien, Osterreich A-1010
Austria

Vienna University of Technology - Institute for Mathematical Methods in Economics ( email )

Argentinierstr. 8
Vienna, 1040
Austria

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