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- W2331275581 abstract "I cannot dispute Brown's primary contention: if an award earns interest in excess of that required to cover income losses to date and the excess is reinvested at a lower yield, an award based on the assumption of reinvestment at the initial (higher) yield will be insufficient to cover total losses. However, there are at least three considerations that make Brown's conclusion trivial in comparison to the distortions caused by using 'total offset' or other low real discount rate approaches which ignore the current environment of high interest and low wage growth." @default.
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- W2331275581 date "1986-09-01" @default.
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- W2331275581 title "Rejoinder to Brown's Comment and a Reaction to Schilling's Ëstimating the Present Value.... [2]" @default.
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