Martin Gervais


Research Interests

Macroeconomics; Optimal Policy; Life-Cycle Models; Public Finance; Risk Sharing and Inequality; Labor Market

Teaching Fields



Why Has Homeownership Fallen Among the Young?, with Jonas Fisher, International Economic Review, forthcoming.

Measuring Consumption Smoothing in CEX Data, with Paul Klein, Journal of Monetary Economics, Vol. 57 (8), pp. 988–999, November 2010.

Consumption, Income, and Wealth Inequality in Canada, with Matthew Brzozowski, Paul Klein, and Michio Suzuki, Review of Economic Dynamics, Vol. 13 (1), pp. 52–75, January 2010.

Endogenous Debt Constraints in a Life-Cycle Model with an Application to Social Security, with David Andolfatto, Journal of Economic Dynamics and Control, Vol. 32 (12), pp. 3745–3759, December 2008.

Uncertainty and the Specificity of Human Capital, with Igor Livshits and Césaire Meh, Journal of Economic Theory, Vol. 143 (1), pp. 469–498, November 2008.

Who Cares about Mortgage Interest Deductibility?, with Manish Pandey, Canadian Public Policy, Vol. 34 (1), pp. 1–24, March 2008.

Human Capital Investment and Debt Constraints, with David Andolfatto, Review of Economic Dynamics, Vol. 9 (1), pp. 52–67, January 2006.

Housing Taxation and Capital Accumulation, Journal of Monetary Economics, Vol. 49 (7), pp. 1461–1489, October 2002.

Optimal Taxation in Life-Cycle Economies, with Andrés Erosa, Journal of Economic Theory, Vol. 105 (2), pp. 338–369, August 2002.

Optimal Taxation in Infinitely-Lived Agent and Overlapping Generations Models: A Review, with Andrés Erosa, Federal Reserve Bank of Richmond Economic Quarterly, Vol. 87 (2), pp. 23–44, Spring 2001.

Working Papers

On the Optimality of Age-Dependent Taxes and the Progressive U.S. Tax System.

First-Time Home Buyers and Residential Investment Volatility, with Jonas Fisher. (Preliminary Version)

Optimal Fiscal Policy in the Neoclassical Growth Model Revisited, with Alessandro Mennuni.

Technological Learning and Labor Market Dynamics, with Nir Jaimovich, Henry Siu, and Yaniv Yedid-Levi.

Uncertainty, Specificity and Institutions, with Igor Livshits.

What Should I Be When I Grow Up? Occupational Transitions and Employment over the Life-Cycle and Business Cycle, with Nir Jaimovich, Henry Siu, and Yaniv Yedid-Levi.

Optimal Unemployment Insurance in a Directed Search Model, with Reza Boostani and Henry Siu.


ECON6023 Macroeconomics