Evolving Households

The household sector is important and is experiencing dramatic change. This book is useful for both undergraduate and graduate teaching. It raises research questions to be resolved. It shows undergraduates how to use economic reasoning in household management.

Edward C. Prescott, Regents Professor of Economics, Arizona State University; 2004 recipient of the Nobel Prize in Economic Sciences

This fine book improves both our theories and our measurements of fundamental components of economics including labor supply, choices about education and human capital, the division of work and leisure among family members, and how we should measure national product in ways that can provide information about individual and social welfare.

Thomas J. Sargent, Professor of Economics, New York University; Senior Fellow, Hoover Institution; 2011 recipient of the Nobel Prize in Economic Sciences

In this new monograph Jeremy Greenwood has constructed elegant theoretical models incorporating family models featuring men and women making hard choices about who in the family does what. Over the past decade, he has calibrated these models to a century of technological innovations that have made it easier for women to enter the labor force. He has put all these pieces—evidence and economic logic—together and it worked! This is applied economic theory at its best.

Robert E. Lucas, Jr., The John Dewey Distinguished Service Professor Emeritus in Economics and the College, University of Chicago; 1995 recipient of the Nobel Prize in Economic Sciences

Evolving Households is a superb contribution. At every step of the way, Greenwood uses a uniquely comprehensive combination of facts and theory to provide important insights about the evolution of families and social change. The book is a precious resource for anybody—scholars, educators, and students—who are actively engaged in family economics.

Claudia Olivetti, Professor of Economics, Boston College