Total Offset and Medical Net Discount Rates: 1981–2012

David Schap, Lauren Guest and Andrew Kraynak
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Lauren Guest: Department of Economics and Accounting, College of the Holy Cross
Andrew Kraynak: Department of Economics and Accounting, College of the Holy Cross

No 1310, Working Papers from College of the Holy Cross, Department of Economics

Abstract: Medical net discount rates (MNDRs) are calculated using monthly data for the period 1981:01–2012:06 based on the medical consumer price index and annual percentage yields based on 3-month, 6-month and 1-year U.S. Treasury Securities. Stationarity is tested for each series and the results of time-series analytics through 2000:05 are compared to previously published results (Ewing, Payne and Piette, 2001) that omitted Treasury Securities of shortest duration. The various series are extended to 2012:06 and the time series properties are examined. Although the results are mixed, they are more supportive of total offset (i.e., a zero MNDR) than previously published research findings have been.

Keywords: Forensic; economics (search for similar items in EconPapers)
JEL-codes: K13 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2013-12
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Published in Journal of Forensic Economics, Volume 24, Number 2, September 2013, Pages 191-204

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http://www.journalofforensiceconomics.com/doi/abs/10.5085/jfe.24.2.191 (text/html)

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Journal Article: Total Offset and Medical Net Discount Rates: 1981–2012 (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:hcx:wpaper:1310

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