Deriving values of the social rate of time preference

Chris Parker

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:	February 2025
Authors:	Parker, Chris
Publisher:	Wellington, New Zealand : New Zealand Treasury
Subject:	Discounting \| social discount rate \| time preference \| Government \| Soziale Diskontrate \| Social discount rate \| Intertemporale Entscheidung \| Intertemporal choice \| Theorie \| Theory \| Diskontierung \| Wohlfahrtsökonomik \| Welfare economics

Extent:	1 Online-Ressource (circa 29 Seiten) Illustrationen
Series:	New Zealand Treasury working paper. - Wellington : [Verlag nicht ermittelbar], ISSN 1176-9505, ZDB-ID 2442890-5. - Vol. 25, 01
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/311811 [Handle]
Classification:	H43 - Project Evaluation; Social Discount Rate ; H50 - National Government Expenditures and Related Policies. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://ebvufind01.dmz1.zbw.eu/10015192267