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Many computational models of reasoning rely on explicit relation representations to account for human cognitive capacities such as analogical reasoning. Relational luring, a phenomenon observed in recognition memory, has been interpreted as evidence that explicit relation representations also impact episodic memory; however, this assumption has not been rigorously assessed by computational modeling. We implemented an established model of recognition memory, the Generalized Context Model (GCM), as a framework for simulating human performance on an old/new recognition task that elicits relational luring. Within this basic theoretical framework, we compared representations based on explicit relations, lexical semantics (i.e., individual word meanings), and a combination of the two. We compared the same alternative representations as predictors of accuracy in solving explicit verbal analogies. In accord with previous work, we found that explicit relation representations are necessary for modeling analogical reasoning. In contrast, preliminary simulations incorporating model parameters optimized to fit human data reproduce relational luring using any of the alternative representations, including one based on non-relational lexical semantics. Further work on model comparisons is needed to examine the contributions of lexical semantics and relations on the luring effect in recognition memory.