A 3.8% discount rate?

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.

MoreLess

Year of publication:	2009
Authors:	Hartwick, John
Publisher:	Kingston (Ontario) : Queen's University, Department of Economics
Subject:	Sterblichkeit \| Altersgruppe \| Bewertung \| Abzinsung \| value of life \| discount rate \| life expectancy

More details

Series:	Queen's Economics Department Working Paper ; 1199
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	597708797 [GVK] hdl:10419/67738 [Handle]
Classification:	I10 - Health. General ; J17 - Value of Life; Foregone Income
Source:	EconStor

Persistent link: https://www.econbiz.de/10010290323