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Few areas of the U.S. Tax Code have been changed or revised more frequently than those sections relating to depreciable assets…Unfortunately, none of these changes anticipated the high rates of inflation of the 1970s, and the tax treatment of depreciable assets has once again surfaced as a major issue in the debate of tax reform. The basic question in this debate centers on the problem of designing a tax system which adequately corrects for the impact of inflation, provides neutral incentives for economic growth, and is administratively feasible. These matters were the subject of a one-day conference held by The Urban Institute on December 1, 1980.

Few areas of the U.S. Tax Code have been changed or revised more frequently than those sections relating to depreciable assets…Unfortunately, none of these changes anticipated the high rates of inflation of the 1970s, and the tax treatment of depreciable assets has once again surfaced as a major issue in the debate of tax reform. The basic question in this debate centers on the problem of designing a tax system which adequately corrects for the impact of inflation, provides neutral incentives for economic growth, and is administratively feasible. These matters were the subject of a one-day conference held by The Urban Institute on December 1, 1980.

Charles R. Hulten (ed.)

Charles R. Hulten is Professor of Economics at the University of Maryland, where he has taught since 1985.  He is also a Research Associate of the National Bureau of Economic Research and Chairman of the Conference on Research in Income and Wealth, and Senior Fellow at The Conference Board.  He is a member of the Advisory Committee of the Bureau of Economic Analysis.  Before joining the University of Maryland, he was a Senior Research Associate at the Urban Institute and Assistant Professor of Economics at Johns Hopkins University.  His undergraduate and Ph.D. degrees are from the University of California, Berkeley (1965 and 1973, respectively).

Research interests:   Productivity analysis, economic growth and development, capital formation and the measurement of economic depreciation, and intangible capital and the effects of intangibles on economic growth and corporate wealth.