TY - RPRT AU - Greenwood, Jeremy AU - Guner, Nezih AU - Vandenbroucke, Guillaume TI - Family Economics Writ Large PY - 2016/Nov/ PB - Institute of Labor Economics (IZA) CY - Bonn T2 - IZA Discussion Paper IS - 10362 UR - https://www.iza.org/index.php/publications/dp10362 AB - Powerful currents have reshaped the structure of families over the last century. There has been (i) a dramatic drop in fertility and greater parental investment in children; (ii) a rise in married female labor-force participation; (iii) a decline in marriage and a rise in divorce; (iv) a higher degree of assortative mating; (v) more children living with a single mother; (vi) shifts in social norms governing premarital sex and married women's roles in the labor market. Macroeconomic models explaining these aggregate trends are surveyed. The relentless flow of technological progress and its role in shaping family life are stressed. KW - quality-quantity trade off KW - marriage and divorce KW - macroeconomics KW - human capital KW - household production KW - household income inequality KW - fertility KW - female labor supply KW - family economics KW - baby bust KW - baby boom KW - assortative mating KW - premarital sex KW - quantitative theory KW - single mothers KW - social change KW - survey paper KW - technological progress KW - women's rights ER -