This paper examines the growth experience of a cross section of U.S. firms, and relates these findings to the financial returns of these firms

The presence of a hump shaped lifetime consumption profile is a well known puzzle from the perspective of a lifecycle model with complete markets–why don’t individuals simply smooth consumption over the length of their life? Recent literature that addresses this question [e.g. Carroll (1997)...

We develop a quantitative theory of gender differences in labor market participation, hours worked, labor turnover, and human capital accumulation. In our theory, young females expect to face higher labor turnover and to work less hours than males because they allocate time to child rearing. As...