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Does size matter? Implications of household size for economic growth and convergence

Author

Listed:
  • Vadim Kufenko
  • Vincent Geloso
  • Klaus Prettner

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

  • Vadim Kufenko & Vincent Geloso & Klaus Prettner, 2018. "Does size matter? Implications of household size for economic growth and convergence," Scottish Journal of Political Economy, Scottish Economic Society, vol. 65(4), pages 437-443, September.
    • Handle: RePEc:bla:scotjp:v:65:y:2018:i:4:p:437-443
    DOI: 10.1111/sjpe.12188
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    Cited by:

    1. David E. Bloom & Victoria Y. Fan & Vadim Kufenko & Osondu Ogbuoji & Klaus Prettner & Gavin Yamey, 2021. "Going beyond GDP with a parsimonious indicator: inequality-adjusted healthy lifetime income," Vienna Yearbook of Population Research, Vienna Institute of Demography (VID) of the Austrian Academy of Sciences in Vienna, vol. 19(1), pages 127-140.
    2. Kufenko, Vadim & Prettner, Klaus & Geloso, Vincent, 2020. "Divergence, convergence, and the history-augmented Solow model," Structural Change and Economic Dynamics, Elsevier, vol. 53(C), pages 62-76.
    3. Callais, Justin & Geloso, Vincent, 2024. "Wealth generation: How to boost income mobility in the UK," IEA Discussion Papers 122, Institute of Economic Affairs (IEA).

    More about this item

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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