Evolving Households

Name: Evolving Households
Price: 130 AUD
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ISBN: 9780262039239

The Imprint of Technology on Life

Jeremy Greenwood (Professor of Economics, University of Pennsylvania)

$130

Hardback

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English

MIT Press
29 January 2019

Macroeconomics; Impact of science & technology on society

Series: The MIT Press

The transformative effect of technological change on households and culture, seen from a macroeconomic perspective through simple economic models.

In Evolving Households, Jeremy Greenwood argues that technological progress has had as significant an effect on households as it had on industry. Taking a macroeconomic perspective, Greenwood develops simple economic models to study such phenomena as the rise in married female labor force participation, changes in fertility rates, the decline in marriage, and increased longevity. These trends represent a dramatic transformation in everyday life, and they were made possible by advancements in technology. Greenwood also addresses how technological progress can cause social change.

Greenwood shows, for example, how electricity and labor-saving appliances freed women from full-time household drudgery and enabled them to enter the labor market. He explains that fertility dropped when higher wages increased the opportunity cost of having children; he attributes the post-World War II baby boom to a combination of labor-saving household technology and advances in obstetrics and pediatrics. Marriage rates declined when single households became more economically feasible; people could be more discriminating in their choice of a mate. Technological progress also affects social and cultural norms. Innovation in contraception ushered in a sexual revolution. Labor-saving technological progress at home, together with mechanization in industry that led to an increase in the value of brain relative to brawn for jobs, fostered the advancement of women's rights in the workplace. Finally, Greenwood attributes increased longevity to advances in medical technology and rising living standards, and he examines healthcare spending, the development of new drugs, and the growing portion of life now spent in retirement.

By: Jeremy Greenwood (Professor of Economics University of Pennsylvania)
Imprint: MIT Press
Country of Publication: United States
Dimensions: Height: 229mm, Width: 152mm, Spine: 27mm
ISBN: 9780262039239
ISBN 10: 0262039230
Series: The MIT Press
Pages: 336
Publication Date: 29 January 2019
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

Jeremy Greenwood is Professor of Economics at the University of Pennsylvania.