Under the identification strategy that only innovations to productivity can have a permanent impact on labor productivity, Gali (1999) finds that the contribution of productivity shocks to aggregate fluctuations is negligible. More recently, Fisher (2006) extends Galis's identification to allow...

We develop a simple competitive equilibrium model of the marriage market with single mothers and step-families. We then explore the role of trends in relative wages and other observed changes, such as women's wages and contraception technology, in accounting for the evolution of the distribution...