Deriving values of the social rate of time preference

This report estimates the "social rate of time preference" (SRTP) for New Zealand public policy appraisal using a Ramsey equation. It uses the Weitzman (1998) method to derive a declining discount rate schedule of 2% (real) for years 1-30, 1.5% for years 31-100, and 1% for years 101 on. The report does not compare and contrast social discount rate methods and how to use them in practice.

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Year of publication:	2025
Authors:	Parker, Chris
Publisher:	Wellington : New Zealand Government, The Treasury
Subject:	Discounting \| social discount rate \| time preference \| Government

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Series:	New Zealand Treasury Working Paper ; 25/01
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	1916385915 [GVK]
Classification:	H43 - Project Evaluation; Social Discount Rate ; H50 - National Government Expenditures and Related Policies. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10015209739