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Agriculture to Industry: the End of Intergenerational Coresidence

Author

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  • Luca Pensieroso

    (Universite Catholique de Louvain-la-Neuve)

  • Alessandro Sommacal

    (University of Verona)

Abstract

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 one-good, two-sector overlapping generation model of the structural change out of agriculture, in which the coresidence choice is endogenous. We calibrate the model on U.S. data and simulate it. The model can match the decline in U.S. intergenerational coresidence both qualitatively and quantitatively. (Copyright: Elsevier)

Suggested Citation

  • Luca Pensieroso & Alessandro Sommacal, 2019. "Agriculture to Industry: the End of Intergenerational Coresidence," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 34, pages 87-102, October.
    • Handle: RePEc:red:issued:18-257
    DOI: 10.1016/j.red.2019.03.007
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    Cited by:

    1. Thomas Baudin & Robert Stelter, 2022. "The rural exodus and the rise of Europe," Journal of Economic Growth, Springer, vol. 27(3), pages 365-414, September.
    2. Jeremy Greenwood & Nezih Guner & Ricardo Marto, 2021. "The Great Transition: Kuznets Facts for Family-Economists," Economie d'Avant Garde Research Reports 33, Economie d'Avant Garde.
    3. Pensieroso, Luca & Sommacal, Alessandro & Spolverini, Gaia, 2023. "Intergenerational coresidence and the Covid-19 pandemic in the United States," Economics & Human Biology, Elsevier, vol. 49(C).
    4. Thomas TB Baudin & Bram De Rock & Paula Eugenia Gobbi, 2021. "Economics and Family Structures," Working Papers ECARES 2021-21, ULB -- Universite Libre de Bruxelles.
    5. Fabio Mariani & Marion Mercier & Luca Pensieroso, 2023. "Left-handedness and economic development," Journal of Economic Growth, Springer, vol. 28(1), pages 79-123, March.
    6. Stefan Mann, 2021. "Synthesizing Knowledge about Structural Change in Agriculture: The Integration of Disciplines and Aggregation Levels," Agriculture, MDPI, vol. 11(7), pages 1-14, June.

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    More about this item

    Keywords

    Living arrangements; Family economics; Structural change; Economic development; Unified growth theory;
    All these keywords.

    JEL classification:

    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical

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