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Agriculture to Industry: the End of Intergenerational Coresidence

Author

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  • Luca Pensieroso

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

  • Alessandro Sommacal

    (University of Verona, Department of Economics; Bocconi University, Dondena Centre (Welfare State and Taxation Unit))

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 two-sector overlapping generation model of the structural change out of agriculture, in which the coresidence choice is endogenous. We calibrate the model on US data and simulate it. The model can match well the decline in US intergenerational coresidence between 1870 and 1940.

Suggested Citation

  • Luca Pensieroso & Alessandro Sommacal, 2017. "Agriculture to Industry: the End of Intergenerational Coresidence," LIDAM Discussion Papers IRES 2017007, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  • Handle: RePEc:ctl:louvir:2017007
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    Cited by:

    1. Thomas Baudin & Robert Stelter, 2019. "The rural exodus and the rise of Europe," MPIDR Working Papers WP-2019-005, Max Planck Institute for Demographic Research, Rostock, Germany.
    2. Stefan Mann, 2021. "Synthesizing Knowledge about Structural Change in Agriculture: The Integration of Disciplines and Aggregation Levels," Agriculture, MDPI, Open Access Journal, vol. 11(7), pages 1-14, June.
    3. Mariani, Fabio & Mercier, Marion & Pensieroso, Luca, 2021. "Left-Handedness and Economic Development," IZA Discussion Papers 14237, Institute of Labor Economics (IZA).

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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:

    • 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
    • J10 - Labor and Demographic Economics - - Demographic Economics - - - General
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical

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