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The Great Transition: Kuznets Facts for Family-Economists

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  • Greenwood, Jeremy
  • Guner, Nezih
  • Marto, Ricardo

Abstract

The 20th century beheld a dramatic transformation of the family. Some Kuznets style facts regarding structural change in the family are presented. Over the course of the 20th century in the United States fertility declined, educational attainment waxed, housework fell, leisure increased, jobs shifted from blue to white collar, and marriage waned. These trends are also observed in the cross-country data. A model is developed, and then calibrated, to address the trends in the US data. The calibration procedure is closely connected to the underlying economic logic. Three drivers of the great transition are considered: neutral technological progress, skilled-biased technological change, and drops in the price of labor-saving household durables.

Suggested Citation

  • Greenwood, Jeremy & Guner, Nezih & Marto, Ricardo, 2021. "The Great Transition: Kuznets Facts for Family-Economists," CEPR Discussion Papers 16247, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:16247
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    2. Matteo Cervellati & Gerrit Meyerheim & Uwe Sunde, 2023. "The empirics of economic growth over time and across nations: a unified growth perspective," Journal of Economic Growth, Springer, vol. 28(2), pages 173-224, June.
    3. Premilla D’Cruz & Shuili Du & Ernesto Noronha & K. Praveen Parboteeah & Hannah Trittin-Ulbrich & Glen Whelan, 2022. "Technology, Megatrends and Work: Thoughts on the Future of Business Ethics," Journal of Business Ethics, Springer, vol. 180(3), pages 879-902, October.
    4. Clara E. Piano, 2022. "Autocratic family policy," Constitutional Political Economy, Springer, vol. 33(2), pages 233-253, June.
    5. Clara E. Piano, 2022. "The family and the state: a public choice perspective," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 35(3), pages 383-405, September.

    More about this item

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    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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