A 3.8% discount rate?

descriptionPublicationkeyboard_double_arrow_right Research , Preprint 01 Jan 2009 English Publisher:Kingston (Ontario): Queen's University, Department of Economics

Authors: John Hartwick;

handle: 10419/67738

A 3.8% discount rate?

- Summary
- Subjects
- Metrics

Abstract

We find that a discount rate of 3.8% allows us to derive the schedule of value of life years in Murphy and Topel [2006] from their schedule of value of remaining years of life, this latter presumably being based on a value of statistical life of $6.3 million. We draw on the Makeham function for life expectancy in our calculation.

Related Organizations

Queen's University
Canada
Queen's University (Ontario, Canada)
Canada
Queen's University

Keywords

Abzinsung, Altersgruppe, J17, ddc:330, discount rate, Sterblichkeit, value of life, value of life, discount rate, life expectancy, life expectancy, Bewertung, I10, jel: jel:I10, jel: jel:J17

Impact byBIP!

	selected citations These citations are derived from selected sources. This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	0
	popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.	Average
	influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).	Average
	impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.	Average