Optimal redistributive capital taxation in a neoclassical growth model

Article Abstract:

A counterexample to one of the redistribution models proposed by Judd (1985) is presented. In this alternative model, the economy is comprised of price-taking agents called capitalists and workers, identical competitive firms and a government. Using this alternative model, it is shown that the steady-state optimal tax on capital income is non-zero, provided that the capitalists' utility is logarithmic and the government has a balanced-budget restraint. It is also demonstrated that, in this scenario, the standard approach to the dynamic optimal tax problem yields the wrong answer.

Models, Distribution (Economics), Neoclassical economics, Capital

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Taxes, redistribution, and growth

Article Abstract:

A model for the investigation of the effects of growth on economic policy, particularly redistributive taxation, is developed. The impact of changes in the growth rate and in many other variables on the outcome of a political process that determines taxes and transfers is examined. Results reveal that redistribution will be the option of more rapidly growing economies, depending on risk aversion. Lower taxes in faster-growing economies are also predicted.

Administration of Urban Planning and Community and Rural Development, Economic Development NEC, Research, Economic policy

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NIMBY taxes matter: the case of state hazardous waste disposal taxes

Article Abstract:

The efficiency consequences of the so-called 'not in my backyard' (NIMBY) taxes were discussed theoretically and empirically. The NIMBY taxes, which include sewage, prisons, group homes for the mentally disabled, sewage treatment plants and waste disposal facilities, are those taxes implemented during the latter years of environmental protection attempts of states, that is, the prevention of storage of hazardous wastes from other states.

Refuse systems, Hazardous Waste Treatmnt,Storge,Disposl, Hazardous Waste Collection, Analysis, Hazardous waste management industry, Hazardous waste management, Environmental policy research, Waste disposal in the ground, Underground waste disposal

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