28The absolute level of wages will have grown by 
per period for these households since their birth,
but we have normalized by the level of wages for period-0 newborns, which cancels the 
from the
expression.
28The absolute level of wages will have grown by per period for these households since their birth,
but we have normalized by the level of wages for period-0 newborns, which cancels the from the
expression.