We provide a theory of the interaction between intergenerational living arrangements and economic development. We show that, when technical progress is fast enough, the economy experiences a shift from stagnation to growth, there is a transition from coresidence to non-coresidence, and the social status of the elderly tends to deteriorate.
Economic Development and Family Structure: from Pater Familias to the Nuclear Family. University of Verona Department of Economics Working Paper 29/2012 (ISSN 2036-2919) (una precedente versione è apparsa come Ires Discussion Paper 2010-39)
SOMMACAL, Alessandro
2012-01-01
Abstract
We provide a theory of the interaction between intergenerational living arrangements and economic development. We show that, when technical progress is fast enough, the economy experiences a shift from stagnation to growth, there is a transition from coresidence to non-coresidence, and the social status of the elderly tends to deteriorate.
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