space0.5in A 3.8% Discount Rate?

John Hartwick

No 273685, Queen's Economics Department Working Papers from Queen's University - Department of Economics

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 milliion. We draw on the Makeham function for life expectancy in our calculation.

Keywords: Demand and Price Analysis; Financial Economics (search for similar items in EconPapers)
Pages: 11
Date: 2009-03
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Persistent link: https://EconPapers.repec.org/RePEc:ags:quedwp:273685

DOI: 10.22004/ag.econ.273685

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