The Discount Rate and the Value of Remaining Years of Life

Research, Preprint OPEN
Hartwick, John;
(2008)
  • Publisher: Kingston (Ontario): Queen's University, Department of Economics
  • Subject: Abzinsung | Discount rate | Discount rate, Value of life | J12 | Versicherungstechnik | I12 | Value of life | Altersgruppe | Bewertung | Sterblichkeit
    • ddc: ddc:330
      jel: jel:J12

We back out an estimate of a personal discount rate of between 3 and 4 percent for a person with a life expectancy of 74 years who dies at age 30 (or 40) and has a value of statistical life of $6.3 million. Central to these calculations is the series generated by Murphy... View more
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