Impact of the 1975 tax cut on income and employment in the black community

Summary The Tax Reform Act of 1975 should more properly be called the Tax Reduction Act of 1975 because it provides little in the way of reform beyond the fact that a disproportionately large share of the reduction (43.5 percent) goes to persons with incomes below $10,000. The main purpose of the act is to stimulate consumer spending, in the expectation that this rise in spending will impart some buoyancy to the sagging economy.     

A note on modelling household food waste behaviour

Food waste is increasingly recognized as a global challenge, with both public and private efforts aimed at reducing food waste from farm to fork. However, analyses of food waste often fail to treat the problem as an economic phenomenon, where consumers’ utility maximizing decisions result in discarded food. In an effort to guide future research, this article presents a conceptual model of household food waste, showing that decisions to discard food depend on food prices and wage and nonwage income.