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Evolving Households - The Imprint of Technology on Life (Hardcover)
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Evolving Households - The Imprint of Technology on Life (Hardcover)
Series: The MIT Press
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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.
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