To offer a possible interpretation for recent empirical findings on earnings growth, this paper constructs a simple model with endogenous human capital investment, a distribution of natural abilities, and unbiased technological progress. The model predicts that in the long run, average earnings...

The literature evaluating tax changes within an intertemporal general equilibrium framework subdivides into representative agent and overlapping generations formulations. Papers in the former class have developed techniques analogous to those routine for static analyses. The author shows that...

This paper examines the role of marital connections in models of intertemporal household behavior. Recent work by B. Douglas Bernheim and Kyle Bagwell (1988) implies that such connections might vastly expand the scope of neutrality results. The present work studies several formulations including...