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The Great Transition: Kuznets Facts for Family-Economists

Author

Listed:
  • Jeremy Greenwood

    (University of Pennsylvania)

  • Nezih Guner

    (CEMFI)

  • Ricardo Marto

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, skill-biased technological change, and drops in the price of labor-saving household durables.

Suggested Citation

  • Jeremy Greenwood & Nezih Guner & Ricardo Marto, 2021. "The Great Transition: Kuznets Facts for Family-Economists," Working Papers 2021-050, Human Capital and Economic Opportunity Working Group.
    • Handle: RePEc:hka:wpaper:2021-050
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    More about this item

    Keywords

    average weekly hours; blue-collar jobs; college premium; fertility; housework; leisure; Marriage; neutral technological progress; price of labor-saving household durables; skill-biased technological change; theory-based identification; user guide; white-collar jobs;
    All these keywords.

    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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