Abstract Heading west to seek gold, obtain religious freedoms, or settle their own piece of land are old and commonly told American stories. These stories, guided by the dreams of generations before us are the basis for the reality now playing out in the western US with its complex history and...

We study the impact of endogenous longevity on optimal tax progressivity and inequality in an overlapping generations model with skill heterogeneity. Higher tax progressivity decreases both the longevity gap and net income inequality, but at the expense of lower average lifetime and lower...

This study investigates the general equilibrium effects of a fertility shock under different intergenerational transfer schemes. The effects on lifetime income and utility for different generations, as well as the effects on factor prices, are analyzed in a three-period overlapping generations...