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Economic Development and the Family Structure: from the Pater Familias to the Nuclear Family

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Author Info

  • Luca PENSIEROSO

    ()
    (UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES) and FNRS)

  • Alessandro SOMMACAL

    ()
    (Department of Economics, University of Verona; Econpubblica, Bocconi University)

Abstract

We provide a theory that is able to account for the observed comovement between the shift in intergenerational living arrangements from coresidence to non-coresidence and economic development. Our theory is consistent with the diminution in the status of the elderly documented by some sociologists. The results from our analysis show that, when technical progress is fast enough, the economy experiences a shift from stagnation to growth, there is a transition from coresidence to non-coresidence, and the social status of the elderly tends to deteriorate.

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Bibliographic Info

Paper provided by Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) in its series Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) with number 2010039.

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Length: 30
Date of creation: 05 Nov 2010
Date of revision:
Handle: RePEc:ctl:louvir:2010039

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Related research

Keywords: Unified Growth Theory; Intergenerational Living Arrangements; Bargaining Power; Family Economics;

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