United States, I find no econometric evidence that computer investment is positively linked to TFP growth (over and above its …

, especially efforts to raise the rate of investment. Recent studies of economic growth have raised a debate over the role played … by the investment rate in the long-run performance of the economy. Evidence from the states suggests that the effects of … physical capital investment …

investment from the taxation of wage and capital income, encouraging labor supply, and providing insurance against adverse draws …

It is by now widely recognized that investment decisions play a major role in the determination of individual age …-earnings profiles. The purpose of this paper is to present a simple life-cycle model of investment in human capital in which leisure … choices are explicitly incorporated. In so doing, we integrate two previously disparate branches of life-cycle theory: models …

-human capital falls to approximately its initial net of tax level, and steady-state human capital investment plans are therefore …