IDEAS home Printed from
   My bibliography  Save this article

Amortissement fiscal et redistribution dans un modèle de croissance néoclassique


  • Günther Rehme


In this paper it is analyzed whether capital depreciation allowances are good instruments for redistribution in the long run. In a simple two-class economy it is shown that in the short run and absent optimizing behaviour accelerated depreciation is good for growth and may stabilize investment in a recession but is generally bad for redistribution. The opposite holds for capital income taxes. However, when the private sector and the government act optimally the optimal depreciation allowance is maximal in the long run. This removes the accumulation distortion of capital income taxes. Furthermore, redistribution may be nonzero, depending i.a. on the social weight of those who receive redistributive transfers, the distribution of pre-tax factor incomes, the intertemporal elasticity of substitution and the rate of time preference. It is argued that accelerated depreciation allowances, extensively used in the recent economic crisis, are an important indirect tool for redistribution. JEL Classification codes: H21, D33, O41.

Suggested Citation

  • Günther Rehme, 2011. "Amortissement fiscal et redistribution dans un modèle de croissance néoclassique," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(1), pages 367-391.
  • Handle: RePEc:cai:reofsp:reof_116_0367

    Download full text from publisher

    File URL:
    Download Restriction: free

    File URL:
    Download Restriction: free

    More about this item


    capital depreciation allowances; capital income taxes; redistribution; economic growth;

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:reofsp:reof_116_0367. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.