This paper provides a model of intergenerational social mobility and economic growth, in which innate ability of workers, and the type of their education and jobs determine the rate of technological progress and social mobility. The innate ability and hence productivity level of an individual is...

This paper studies the intertemporal relationships among population growth, income distribution, inter-generational social mobility, skill composition of the labor force, and household income in an overlapping generations general equilibrium model that aggregates household decisions regarding...

This paper extends the Samuelsonian overlapping generations general equilibrium framework to encompass a variety of altruistic preferences by recasting it into a Lindahl equilibrium framework. The First and the Second Welfare theorems hold for Lindahl equilibrium with respect to the Malinvaud...