Family Economics Writ Large
Journal of Economic Literature
no. 4, December 2017
Powerful currents have reshaped the structure of families over the last century. There has been (1) a dramatic drop in fertility and greater parental investment in children; (2) a rise in married female labor-force participation; (3) a significant decline in marriage; (4) a higher degree of positive assortative mating; (5) more children living with a single mother; and (6) shifts in social norms governing premarital sex and married women's roles in the workplace. Macroeconomic models explaining these aggregate trends are surveyed. The relentless flow of technological progress and its role in shaping family life are stressed.
Greenwood, Jeremy, Nezih Guner, and Guillaume Vandenbroucke.
"Family Economics Writ Large."
Journal of Economic Literature,
Household Production and Intrahousehold Allocation
Marriage; Marital Dissolution; Family Structure; Domestic Abuse
Fertility; Family Planning; Child Care; Children; Youth
Economics of Gender; Non-labor Discrimination
Time Allocation and Labor Supply
Technological Change: Choices and Consequences; Diffusion Processes
Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification