A 3.8% Discount Rate?

John Hartwick

No 1199, Working Paper from Economics Department, Queen's University

Abstract: We find that a discount rate of 3.8% allows us to derive the scheduleof "value of life years" in Murphy and Topel [2006] from their scheduleof "value of remaining years of life", this latter presumably being basedon a "value of statistical life" of $6.3 million. We draw on the Makehamfunction for life expectancy in our calculation.

Keywords: value of life; discount rate; life expectancy (search for similar items in EconPapers)
JEL-codes: I10 J17 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2009-03
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:1199

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